growth. This paper utilized a quarterly time series data for the period 1981 - 2009 to estimate a threshold level of … 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 …

) depreciation or devaluation of the naira. Furthermore, the paper finds that the threshold in exchange rate devaluation …