This paper reviews the historical performance of monetary policy in Nigeria and discusses the relative merits of … alternative monetary policy strategies that Nigeria could adopt in the future, once the many operational issues that today … obstruct the conduct of monetary policy have been addressed. An analysis of external and fiscal dominance in Nigeria reveals …

rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …

This paper provides a selective review of the literature on the determinants of inflation in Nigeria, analyzes the … dominant factors influencing inflation, presents the empirical results of a reduced-form elasticities model, and discusses the … process in Nigeria. Other important factors are the devaluation of the naira and agroclimatic conditions. With respect to the …

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the … findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad … retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing …

currency by keeping inflation low and steady. This paper provides evidence that monetary policy tightening aimed at maintaining … low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly … benefit mainly from lower inflation. By contrast, the real consumption of individuals at higher ends of the consumption …

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount …-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for …

aftermath of the global financial crisis as CCA countries have entered a relatively low inflation environment. The pass …-through estimates could be used by the CCA monetary authorities for inflation projections. The absence of non-linearities in the pass …

that this may have contributed to more elastic aggregate supply in recent years, which is consistent with lower inflation …