Re-Visiting Fisher Effect for Fragile Five Economies

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:
fisher effect
panel data
fragile five economies
c22
e43
e58
Online Access:https://doi.org/10.2478/jcbtp-2018-0019
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spelling doaj-27037b6885014139809d90edc81b965e2021-09-06T19:41:32ZengSciendoJournal of Central Banking Theory and Practice2336-92052018-05-017220321810.2478/jcbtp-2018-0019jcbtp-2018-0019Re-Visiting Fisher Effect for Fragile Five EconomiesBayat Tayfur0Kayhan Selim1Taşar İzzet2Inonu University, Faculty of Economics and Administrative Sciences, Department of Economics, Malatya. TurkeyNecmettin Erbakan University, Faculty of Social Sciences and Humanities, Department of Economics, Konya, TurkeyFirat University, Faculty of Economics and Administrative Sciences, Department of Economics, Elazig, TurkeyIn 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.https://doi.org/10.2478/jcbtp-2018-0019fisher effectpanel datafragile five economiesc22e43e58
collection DOAJ
language English
format Article
sources DOAJ
author Bayat Tayfur
Kayhan Selim
Taşar İzzet
spellingShingle Bayat Tayfur
Kayhan Selim
Taşar İzzet
Re-Visiting Fisher Effect for Fragile Five Economies
Journal of Central Banking Theory and Practice
fisher effect
panel data
fragile five economies
c22
e43
e58
author_facet Bayat Tayfur
Kayhan Selim
Taşar İzzet
author_sort Bayat Tayfur
title Re-Visiting Fisher Effect for Fragile Five Economies
title_short Re-Visiting Fisher Effect for Fragile Five Economies
title_full Re-Visiting Fisher Effect for Fragile Five Economies
title_fullStr Re-Visiting Fisher Effect for Fragile Five Economies
title_full_unstemmed Re-Visiting Fisher Effect for Fragile Five Economies
title_sort re-visiting fisher effect for fragile five economies
publisher Sciendo
series Journal of Central Banking Theory and Practice
issn 2336-9205
publishDate 2018-05-01
description 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.
topic fisher effect
panel data
fragile five economies
c22
e43
e58
url https://doi.org/10.2478/jcbtp-2018-0019
work_keys_str_mv AT bayattayfur revisitingfishereffectforfragilefiveeconomies
AT kayhanselim revisitingfishereffectforfragilefiveeconomies
AT tasarizzet revisitingfishereffectforfragilefiveeconomies
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