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dc.contributor.authorBalparda, B-
dc.contributor.authorCaporale, GM-
dc.contributor.authorGil-Alana, LA-
dc.identifier.citationJournal of Economics and Finance, pp. 1 - 11,(2016)en_US
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.subjectFisher effecten_US
dc.subjectUnit root testsen_US
dc.subjectFractional integrationen_US
dc.titleThe fisher relationship in Nigeriaen_US
dc.relation.isPartOfJournal of Economics and Finance-
Appears in Collections:Dept of Economics and Finance Research Papers

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