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This study examines the impact of oil price shocks on inflation in Nigeria. A Non-Linear Autoregressive Distributed Lag … toincrease in headline, core and food measures of inflation in Nigeria. However, a de-cline in oil price resulted in a decline in … the marginal cost of production and culmi-nated in moderation of domestic inflation. Furthermore, negative oil price …
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low inflationary environment than in countries with floating exchange rate regimes and high inflation levels. Pass …
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between foreign debt and inflation within a multivariate framework. The analyses consider the presence of structural breaks … to determine the presence of structural breaks in the impact of foreign debt on inflation. Our findings robustly indicate … has a negative effect on inflation in both the short and long run. The NARDL model reveals that only positive changes in …
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regards the possibility of a time-varying mean of inflation. Moreover, we conduct a sensitivity analysis across different … of the Phillips curve occurring in the early to mid 1980s, but not in inflation persistence once the mean shift is … allowed for. As a result of the structural change, the Phillips curve became flatter around a lower mean of inflation. Second …
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