Nominal Interest Rates & Inflation Rates in Accordance to Fisher Effect Discussion
Go to the Federal Reserve Bank of St. Louis – FRED website and download data on nominal interest rates (90-day Treasury bill rate) and inflation (GDP deflator) for Canada for the period from 1960 to present. Plot the two times series in the same graph.
Is there a tendency for the nominal interest rates and inflation rates to move together in accordance to the Fisher effect?