The volatile nature of interest rate in the Nigerian economy has informed various interest rate policies and regimes to ensure its stability with a view to enhancing investment in the country. Yet, it is not certain whether interest rate would be investment friendly to galvanize investment in...

This paper considers the problem of jointly decomposing a set of time series variables into cyclical and trend components, subject to sets of stochastic linear restrictions among these cyclical and trend components. We derive a closed form solution to an ordinary problem featuring homogeneous...