/policy interest rate for the emerging countries is more to global inflation, for the advanced countries (excluding the U.S.) is more … to global output, and for the U.S. is to both global output and inflation …

on real GDP, real money supply and inflation through other variables, notably real government expenditure. This implies …. This result seems to reflect the dominant role of government in Nigeria. Considering the destabilizing effects of oil price … fluctuations on economic activity and government spending in Nigeria, the study makes some recommendations. Some of these include …