60443 20180911133101.0 doi 10.3390/econometrics5010011 sideral 97953 ART-2017-97953 eng (orcid)0000-0001-6907-8090 Clemente, Jesús Universidad de Zaragoza Structural breaks, inflation and interest rates: evidence from the G7 countries 2017 Access copy available to the general public Unrestricted This study reconsiders the common unit root/co-integration approach to test for the Fisher effect for the economies of the G7 countries. We first show that nominal interest and inflation rates are better represented as I(0) variables. Later, we use the Bai–Perron procedure to show the existence of structural changes in the Fisher equation. After considering these breaks, we find very limited evidence of a total Fisher effect as the transmission coefficient of the expected inflation rates to nominal interest rates is very different than one. info:eu-repo/grantAgreement/ES/MEC/ECO2014-58991-C3-1-R info:eu-repo/grantAgreement/ES/MEC/ECO2014-58991-C3-2-R info:eu-repo/grantAgreement/ES/MEC/ECO2015-65967-R info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion (orcid)0000-0001-6609-4247 Gadea, Lola Universidad de Zaragoza (orcid)0000-0002-5872-631X Montañés, Antonio Universidad de Zaragoza (orcid)0000-0002-5987-6424 Reyes, Marcelo 4008 225 Universidad de Zaragoza Dpto. Estruc.Hª Econ.y Eco.Pb. Área Economía Aplicada 4000 415 Universidad de Zaragoza Dpto. Análisis Económico Área Fund. Análisis Económico 5, 11 (2017), [17 pp.] Econometrics Econometrics 2225-1146 499817 http://zaguan.unizar.es/record/60443/files/texto_completo.pdf Versión publicada 92944 http://zaguan.unizar.es/record/60443/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:60443 articulos driver 2018-09-11-13:27:53 ARTICLE