This paper examined the existence of the asymmetric relationship between fuel pump price and the cost of transportation in Nigeria, and how these asymmetric price movements adjust to equilibrium in the long-run. Using the monthly data for the periods between the months of January 1995 and July...

This paper investigates two stages of transmission through which inflation stabilization policy affects headline inflation by estimating a threshold cointegration model. The paper finds that asymmetric monetary shocks passing-through food prices exerts inflationary pressure on consumer prices,...