Re-Visiting Fisher Effect for Fragile Five Economies

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 rela...

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Bibliographic Details
Main Authors: Bayat Tayfur, Kayhan Selim, Taşar İzzet
Format: Article
Language:English
Published: Sciendo 2018-05-01
Series:Journal of Central Banking Theory and Practice
Subjects:
c22
e43
e58
Online Access:https://doi.org/10.2478/jcbtp-2018-0019