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This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
these questions for Nigeria in the context of the global crisis. The results seem to debunk the ""decoupling theory"" and … suggest there are still significant spillovers from Nigeria's main trading partners, including the US, with trade and …
Persistent link: https://www.econbiz.de/10012677490
Intro -- Contents -- I. AN OIL STABILIZATION FUND FOR NIGERIA -- A. Introduction and Overview -- B. Views in the … Literature -- C. Stabilizing Fiscal Spending -- D. Model Description -- E. Application to Nigeria -- References. …
Persistent link: https://www.econbiz.de/10012690979
This paper reflects on the first year of the eNaira-the first CBDC in Africa. Despite the laudable undisrupted operation for the first full year, the CBDC project has not yet moved beyond the initial wave of limited adoption. Network effects suggest the initial low adoption spell will require a...
Persistent link: https://www.econbiz.de/10015059441
illustrates the constraints by examining the case of Nigeria, a major oil exporter that subsidizes gasoline, and that of Togo, an … oil importer and neighbor of Nigeria. It finds that the price differential between formal prices in Togo and Nigeria is … the main driver of changes in formal sector gasoline consumption. Specifically, the lower the formal price in Nigeria, the …
Persistent link: https://www.econbiz.de/10014408020
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …
Persistent link: https://www.econbiz.de/10009618580
Inflation in Mongolia resembles a roller coaster ride with sharp rises and steep drops. Understanding why is critical … for formulating and assessing monetary policy. Food prices are found to be a key driver of inflation, and, not surprising …
Persistent link: https://www.econbiz.de/10009620963
been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a different … issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key conclusion … is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to m …
Persistent link: https://www.econbiz.de/10009620967
times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …
Persistent link: https://www.econbiz.de/10009622446
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724