This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …

The estimation of inflation volatility is important to Central Banks as it guides their policy initiatives for … Heteroscedasticity (GARCH) family with a view to providing a parsimonious approximation to the dynamics of Nigeria's inflation volatility … and food CPI, implying that the impacts of inflation shocks on their volatilities die away very slowly. However, the …

Short-term inflation forecasting is an essential component of the monetary policy projections at the Central Bank of … Nigeria. This paper proposes four short-term headline inflation forecasting models using the SARIMA and SARIMAX processes and … SARIMAX model. This model is, therefore, recommended for use in short-term forecasting of headline inflation in Nigeria. The …

This study compares the performance of GARCH-Type models in modelling inflation volatility in Nigeria covering the … period 1995M01 to 2016M10. In the paper, we provide two main innovations: (i) we analyze inflation rate of two pronounced … the role of structural breaks for inflation rate volatility in Nigeria will yield misleading and invalid policy …

This paper investigates the effect of inflation volatility on private sector credit growth. The results indicate that … private sector credit growth is positively linked to the one period lagged inflation volatility. Given that past monetary … positive response of private sector credit growth to past inflation volatility suggests a credible monetary policy regime in …

the current monetary regime, flexible inflation targeting, provided a relatively stable monetary environment. Although the … success of flexible inflation targeting poses new challenges for the implementation of monetary policy because the trend … decline in inflation was associated with a trend decline in nominal interest rates. …

Inflation and inflation uncertainty are critical factors influencing the functioning of markets and thus the efficient … flow of economic activities. In this study, we investigated the effects of inflation and inflation uncertainty on growth in … Ghana. Unlike the majority of the previous studies, we distinguished the short-run effects of inflation and inflation …

This paper presents a set of new core inflation measures for Brazil based on the Singular Spectrum Analysis (SSA …) method. The measures are based on the official target used in the Brazilian inflation targeting regime. The period of … analysis ranges from the beginning of the inflation targeting regime in 1999 and 2021. The SSA measures were compared to the …