This study provides analytical insight on modelling macroeconomic and oil price volatility in Nigeria. Mainly, the … GARCH - M); and oil price is a major source of macroeconomic volatility in Nigeria. By implication, the Nigerian economy is … vulnerable to both internal shocks (interest rate volatility, real GDP volatility) and external shocks (exchange rate volatility …

This paper examines the effect of stabilization funds on the volatility of government expenditure in resource … stabilization funds contributes to smoothing government expenditure. The spending volatility in countries that have established such … analysis also shows that political institutions and fiscal rules are significant factors in reducing the expenditure volatility …