An Empirical Investigation of Fisherian Link in BRIC-T Countries

Basit Öğe Kaydı
dc.contributor.authorBayat, Tayfur
dc.contributor.authorKayhan, Selim
dc.contributor.authorDogan, Cetin
dc.date.accessioned2024-02-23T14:35:25Z
dc.date.available2024-02-23T14:35:25Z
dc.date.issued2014
dc.departmentNEÜen_US
dc.description.abstractThis study investigates the causal dynamics between policy rate and inflation rates in BRIC-T countries by employing monthly data from the January 1993 to March 2012. The study benefits from the recent advance in the time series and carries out nonlinear co-integration, frequency domain test approach. The results suggest that strong evidence of non-linear co-integration in Brazil and Turkey, linear co integration in Russia, India and China. According to non-linear causality analysis, there is a bi-directional relationship between nominal interest rate and inflation in the case of Brazil and Turkey. Linear causality test finds that there is a uni-directional causality running from inflation rate to nominal interest rate in Russia. Frequency domain analysis results imply the existence of the Fisher effect on the long run in China, Russia and Turkey, rejects the validity of effect in India and Brazil, contrary to nonlinear causality test.en_US
dc.identifier.doi10.3848/iif.2014.334.3766
dc.identifier.endpage120en_US
dc.identifier.issn1300-610X
dc.identifier.issn1308-4658
dc.identifier.issue334en_US
dc.identifier.startpage95en_US
dc.identifier.urihttps://doi.org/10.3848/iif.2014.334.3766
dc.identifier.urihttps://hdl.handle.net/20.500.12452/16022
dc.identifier.volume29en_US
dc.identifier.wosWOS:000330715500004en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherBilgesel Yayincilik San & Tic Ltden_US
dc.relation.ispartofIktisat Isletme Ve Finansen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFisher Effecten_US
dc.subjectBric-Ten_US
dc.subjectCointegrationen_US
dc.subjectCausalityen_US
dc.titleAn Empirical Investigation of Fisherian Link in BRIC-T Countriesen_US
dc.typeArticleen_US

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