Unveiling the Neo-Fisher Effect: Evidence from Pakistan

IF 0.9 4区经济学 Q4 DEVELOPMENT STUDIES

Journal of South Asian Development Pub Date : 2024-04-11 DOI:10.1177/09731741241243122

Hafsa Hina

引用次数: 0

Abstract

This study aims to examine the relationship between interest rates and inflation in Pakistan, specifically considering the Fisher effect and the non-Fisher effect. The ongoing debate regarding whether raising interest rates contributes to higher inflation rather than effectively controlling it has motivated our research. To investigate this, we utilize time-varying vector auto-regressive and Granger causality tests. Our findings reveal the significance of the neo-Fisher effect, particularly from 2015 onwards, compared to the traditional Fisher effect in Pakistan.

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揭示新费舍尔效应：巴基斯坦的证据

本研究旨在探讨巴基斯坦利率与通货膨胀之间的关系，特别是费雪效应和非费雪效应。关于提高利率是否会导致通胀率上升而不是有效控制通胀率的争论一直在进行，这促使我们开展研究。为了研究这个问题，我们利用了时变向量自回归和格兰杰因果检验。我们的研究结果表明，与传统的费雪效应相比，新费雪效应在巴基斯坦具有重要意义，尤其是从 2015 年开始。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of South Asian Development DEVELOPMENT STUDIES-

CiteScore

1.50

自引率

0.00%

发文量

期刊介绍： The Journal of South Asian Development (JSAD) publishes original research papers and reviews of books relating to all facets of development in South Asia. Research papers are usually between 8000 and 12000 words in length and typically combine theory with empirical analysis of historical and contemporary issues and events. All papers are peer reviewed. While the JSAD is primarily a social science journal, it considers papers from other disciplines that deal with development issues. Geographically, the JSAD"s coverage is confined to the South Asian region, which includes India, Pakistan, Sri Lanka, Bangladesh, Nepal, Bhutan, Maldives and Afghanistan.