Please use this identifier to cite or link to this item:
Title: The fisher relationship in Nigeria
Authors: Balparda, B
Caporale, GM
Gil-Alana, LA
Keywords: Fisher effect;Unit root tests;Fractional integration
Issue Date: 2016
Citation: Journal of Economics and Finance, pp. 1 - 11,(2016)
Abstract: This paper examines the Fisher relationship in the case of Nigeria by carrying out standard unit root tests and applying fractional integration techniques to 1-month, 3-month, 6-month and 12-month deposit rates and inflation. The evidence indicates that this relationship only holds for very short-term (1-month) interest rates, and therefore only these nominal rates are a useful predictor of the inflation rate. For other short-term rates the lack of a Fisher effect suggests that they could be used as a monetary policy tool.
ISSN: 1055-0925
Appears in Collections:Dept of Economics and Finance Research Papers

Files in This Item:
File Description SizeFormat 
Fulltext.docx77.87 kBUnknownView/Open

Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.