Research Department, Central Bank of Nigeria.
Fisher Effect, State Space Model, Cointegration
This paper uses the state space model to investigate the dynamic relationship between real interest rate and inflation in Nigeria. The paper reveals varying degrees of effect across interest rate and time horizons.
Tule, M. K. et al. (2014). A Test of the Fisher Effect in Nigeria. Economic and Financial Review, 52(2), 1â€“32.