We analyzed the structural and employment implications of the recent Nigerian GDP rebasing exercise and the data released in its aftermath. Our analyses show that structural shifts revealed by the data are overstated by the extent of inclusion effects and by the extent to which the relative...

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,...