Fisher?s Effect in Nigeria: Empirical Analysis Using ARDL (Bound Test) Approach
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064

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Research Paper | Economics | Nigeria | Volume 2 Issue 12, December 2013

Fisher?s Effect in Nigeria: Empirical Analysis Using ARDL (Bound Test) Approach

Adegboyega Soliu B, Odusanya Ibrahim A, Popoola, R.O

There has been controversy over the submission on the fisher hypothesis; that there must be a one-to-one relationship between interest rate and inflation. Perhaps, several methods have been used to establish the theoretical framework of the fisher effect, but full fishers effect results was not actualized in Nigeria. On this basis, the study re-examine the fisher effects in Nigeria considering the scope between 1986 2011 ( post-SAP era).The newly developed Autoregressive Distributed Lags (ARDL) model to cointegration was employed to investigate the existence of a long run relation among the series, and also the existence of fisher effect. The study reveals a partial fisher effect for the post-SAP era in Nigeria; a negative relation between interest rate and consumer price index while there exist a positive relation with broad money supply. There exist a long run cointegration among interest rate, money supply and consumer price index a proxied as inflation

Keywords: Fisher effect, Money supply, Interest rate, Consumer price Index, ARDL, Nigeria

Edition: Volume 2 Issue 12, December 2013

Pages: 378 - 382

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How to Cite this Article?

Adegboyega Soliu B, Odusanya Ibrahim A, Popoola, R.O, "Fisher?s Effect in Nigeria: Empirical Analysis Using ARDL (Bound Test) Approach", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=02013367, Volume 2 Issue 12, December 2013, 378 - 382

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