This paper examined the existence of the asymmetric relationship between fuel pump price and the cost of transportation in Nigeria, and how these asymmetric price movements adjust to equilibrium in the long-run. Using the monthly data for the periods between the months of January 1995 and July...

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,...