The Fisher Effect in the Spanish Case: A Preliminary Study

Asian Economic and Financial Review, 2 (7) , 841-857

17 Pages Posted: 13 Sep 2012 Last revised: 8 Apr 2015

See all articles by Francisco Jareño

Francisco Jareño

Universidad de Castilla-La Mancha

Marta Tolentino

University of Castilla-La Mancha - Faculty of Law and Social Sciences

Date Written: September 6, 2012

Abstract

We revise previous literature about Fisher effect, in order to check if the majority of nominal interest rates movements are caused by inflation rate fluctuations, remaining constant the real interest rate. Finally, we analyze the Fisher effect in the Spanish case with a preliminary analysis in order to validate future studies.

Keywords: inflation expectations, nominal and real interest rates, ARIMA, flow-through coefficients

JEL Classification: E43, F3, G12, G13, G15

Suggested Citation

Jareno, Francisco and Tolentino, Marta, The Fisher Effect in the Spanish Case: A Preliminary Study (September 6, 2012). Asian Economic and Financial Review, 2 (7) , 841-857, Available at SSRN: https://ssrn.com/abstract=2145167 or http://dx.doi.org/10.2139/ssrn.2145167

Francisco Jareno

Universidad de Castilla-La Mancha ( email )

Plaza Universidad, 1
Albacete, Albacete 02071
Spain

HOME PAGE: http://www.uclm.es/profesorado/fjareno

Marta Tolentino (Contact Author)

University of Castilla-La Mancha - Faculty of Law and Social Sciences ( email )

Plaza Universidad, 1
Albacete, Ciudad Real 13071
Spain

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