Simple single equation estimation shows that the Fisher effect is not exist in Chinese stock market, stock returns and inflation is negative relation to some extent.
简单的单方程回归分析表明，“费雪效应”在中国的股票市场也是不成立的，股票收益与通货膨胀存在一定的负相关关系；预期通货膨胀的变化对预期股票收益的改变有显著的负效应，而非预期通货膨胀的变化对股票收益的预期变化的负效应并不显著。
参考来源 - 通货膨胀、股票收益与货币政策·2,447,543篇论文数据，部分数据来源于NoteExpress
The empirical evidence demonstrates that both the long run and short run Fisher effect co exists in this period.
经验证据表明在这一时期同时存在长期和短期费雪效应。
The conclusions are identical: Fisher Effect does not hold in stock market, and there is negative correlation between stock return and inflation rate.
研究结果基本是一致的：股票市场费雪效应不存在，股票收益与通货膨胀率之间存在负的相关关系。
This paper makes an empirical research on the Fisher effect in China by means of the moden time series techniques plus the relevant statistics from China over the years from 1979 to 2000.
本文应用现代时间序列计量经济学技术，结合中国1979-2000年间的有关数据，进行了费雪效应在中国的实证研究。经验证据表明在这一时期同时存在长期和短期费雪效应。
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