Re-Visiting Fisher Effect for Fragile Five Economies

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Journal of Central Banking Theory and Practice ; ISSN: 2336-9205 ; Volume: 7 ; Year: 2018 ; Issue: 2 ; Pages: 203-218 ; Warsaw: De Gruyter Open

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Interest Rates: Determination, Term Structure, and Effects ; Central Banks and Their Policies
• Subject: Fisher effect ; panel data ; fragile five economies.

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bayat, Tayfur ; Kayhan, Selim ; Taşar, İzzet
• Event: Veröffentlichung
• (who): De Gruyter Open
• (where): Warsaw
• (when): 2018

Further information

• DOI: doi:10.2478/jcbtp-2018-0019
• Handle: http://hdl.handle.net/10419/217651
• Last update: 10.03.2025, 11:41 AM CET