This paper estimates a nonlinear augmented New Keynesian Philips Curve for Nigeria using the Smooth Transition Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during the period under review. Food inflation, energy inflation,...

This paper uses the impulse response from an estimated structural autoregressive model of the inflation process to estimate the dynamic exchange rate pass-through to consumer prices for Nigeria, using quarterly data for the period 1986-2010. The results suggest that the exchange rate...

This paper sets out to examine the effects of Additional Monetary Tightening (AMT) on exchange rate volatility in Nigeria during the period 2007 - 2016. Using a pseudo-events study approach, the paper identified all the episodes of AMT during the period, and constructed a dummy variable as the...