inflation, output, and long-term interest rates, central banks in small open economies face peculiar challenges in their …

n this study, we examine the evolution of the Central Bank of Nigeria's (CBN) reaction function since the adoption of … inflation and output stabilisation mandates of the CBN. The study also finds that inclusion of more instruments in the CBN … therefore emphasises the difficulty of the CBN to effectively manage inflation and output stabilisation simultaneously, which …

In Africa, a number of countries like South Africa have adopted inflation targeting. In Nigeria, different monetary … South Africa, but not in Nigeria. Overall, South Africa’s central bank places much emphasis on inflation targeting in … policy regimes have been adopted over the years with rather unsatisfactory success. This study examines inflation targeting …

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