The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no … role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …

This study sought to identify the traditional and institutional inflation variables responsible for inflation … year. The study therefore concluded that inflation in Nigeria, during the studied period, was driven by the pass-through of … import prices to domestic prices via markup pricing by firms. This was aided by domestic inflation persistence. It is …