Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/13732
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dc.contributor.authorBalparda, B-
dc.contributor.authorCaporale, GM-
dc.contributor.authorGil-Alana, LA-
dc.date.accessioned2016-12-21T13:02:45Z-
dc.date.available2016-02-10-
dc.date.available2016-12-21T13:02:45Z-
dc.date.issued2016-
dc.identifier.citationJournal of Economics and Finance, pp. 1 - 11,(2016)en_US
dc.identifier.issn1055-0925-
dc.identifier.issn1938-9744-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/13732-
dc.description.abstractThis 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.en_US
dc.format.extent1 - 11-
dc.language.isoenen_US
dc.subjectFisher effecten_US
dc.subjectUnit root testsen_US
dc.subjectFractional integrationen_US
dc.titleThe fisher relationship in Nigeriaen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1007/s12197-016-9355-9-
dc.relation.isPartOfJournal of Economics and Finance-
pubs.publication-statusAccepted-
Appears in Collections:Dept of Economics and Finance Research Papers

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