Re-Visiting Fisher Effect for Fragile Five Economies-Reference-Cited by-同舟云学术

Re-Visiting Fisher Effect for Fragile Five Economies

Published:2018-05-01 Issue:2 Volume:7 Page:203-218
ISSN:2336-9205
Container-title:Journal of Central Banking Theory and Practice
language:en
Short-container-title:

Author:

Bayat Tayfur¹,Kayhan Selim²,Taşar İzzet³

Affiliation:

1. Inonu University , Faculty of Economics and Administrative Sciences, Department of Economics , Malatya . Turkey

2. Necmettin Erbakan University , Faculty of Social Sciences and Humanities, Department of Economics , Konya , Turkey

3. Firat University , Faculty of Economics and Administrative Sciences, Department of Economics , Elazig , Turkey

Abstract

Abstract In this study, we aim to investigate the relationship between interest rate and inflation rate in the context of the Fisher effect hypothesis for Fragile five economies. In this regard, we employ recently developed panel co-integration and panel causality test methods. The bi-directional causal relation between interest rate and inflation rate exists only in Brazil and Indonesia. On the other hand, there is no causation linkage in India. Results imply that Fisher effect exists only in Brazil and Indonesia.

Publisher

Walter de Gruyter GmbH

Subject

Strategy and Management,Economics and Econometrics,Finance

Link

https://www.sciendo.com/pdf/10.2478/jcbtp-2018-0019

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