Showing 1 - 9 of 9
This study sought to identify the traditional and institutional inflation variables responsible for inflation … year. The study therefore concluded that inflation in Nigeria, during the studied period, was driven by the pass-through of … import prices to domestic prices via markup pricing by firms. This was aided by domestic inflation persistence. It is …
Persistent link: https://www.econbiz.de/10011961647
testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in …
Persistent link: https://www.econbiz.de/10011961642
The linkage between stock prices and inflation has been subjected to extensive research in the past decades and has … issue has been the apparent anomaly of the negative relationship between inflation and stock market returns as most studies … effective hedge against inflation in Nigeria. …
Persistent link: https://www.econbiz.de/10011482544
This paper investigates evidence of a Fisher effect in Nigeria by employing quarterly CPI inflation and Nominal … inflation rates in the long run despite the presence of positive relationship among the variables. Our study recommends the … adoption of potent policies aimed at checking inflation so as to help reduce high interest rates in order to stimulate growth …
Persistent link: https://www.econbiz.de/10011482557
It is widely believed that price stability promote long-term economic growth, whereas high inflation is inimical to … inflation for Nigeria. Using a threshold regression model developed by Khan and Senhadji (2001), the study estimated a threshold … inflation level of 13 per cent for Nigeria. Below the threshold level, inflation has a mild effect on economic activities, while …
Persistent link: https://www.econbiz.de/10011482569
This paper investigates the relationship among dollarization, inflation and interest rate in Nigeria for the period … stable and low inflation and interest rate. Results of the cointegration show long run equilibrium among dollarisation …, inflation and interest rate. The Granger causality test reveals that there is a unidirectional relationship from dollarization …
Persistent link: https://www.econbiz.de/10011482609
Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms' marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers' basket when inflation switches to high regime …
Persistent link: https://www.econbiz.de/10012229209
Central Bank of Nigeria should pay more attention to the trend of inflation and pursue policies that will ensure single digit … inflation. …
Persistent link: https://www.econbiz.de/10011518791
This paper examines the relationship between inflation and inflation uncertainty in Nigeria. It attempts to test … whether the Friedman's hypothesis - that a rise in the average rate of inflation leads to more uncertainty about future rate … of inflation - holds for the country. The monthly inflation data spanning the period 1960:1 to 2014:07 was used …
Persistent link: https://www.econbiz.de/10011518795