This paper studies the macroeconomic implications of oil price shocks and the extant fuel subsidy regime for Nigeria … rate depreciates more in the short-run. Counterfactual simulations also reveal that fuel subsidy removal leads to higher …, this study cautions that a successful fuel subsidy reform must necessarily encompass the deployment of well-targeted safety …

cross-sectional variation in banks' exposureto uncertainty and find that the size of thehaircut subsidy - the gap between …