This paper investigates the inverted Fisher effect in Belgium, France and Germany during 1955-94 using the cointegration method. Cointegration tests of two different null hypotheses, cointegration and no cointegration, are applied. Little support is found for the inverted Fisher effect.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.