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http://bura.brunel.ac.uk/handle/2438/13732
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Balparda, B | - |
dc.contributor.author | Caporale, GM | - |
dc.contributor.author | Gil-Alana, LA | - |
dc.date.accessioned | 2016-12-21T13:02:45Z | - |
dc.date.available | 2016-02-10 | - |
dc.date.available | 2016-12-21T13:02:45Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Journal of Economics and Finance, pp. 1 - 11,(2016) | en_US |
dc.identifier.issn | 1055-0925 | - |
dc.identifier.issn | 1938-9744 | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/13732 | - |
dc.description.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. | en_US |
dc.format.extent | 1 - 11 | - |
dc.language.iso | en | en_US |
dc.subject | Fisher effect | en_US |
dc.subject | Unit root tests | en_US |
dc.subject | Fractional integration | en_US |
dc.title | The fisher relationship in Nigeria | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1007/s12197-016-9355-9 | - |
dc.relation.isPartOf | Journal of Economics and Finance | - |
pubs.publication-status | Accepted | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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Fulltext.docx | 77.87 kB | Unknown | View/Open |
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