The authors analyze the dynamics of national saving-investment relationships to determine the degree of international … and investment in the long run as reflecting a solvency constraint, rather than as evidence of limited capital mobility … (Feldstein and Horioka 1980). As in Jansen (1996, 1998), the authors also examine the short-term saving-investment relationship …

correction methodology, the paper found the exchange rate pass-through into Nigeria's CPI inflation to be incomplete. The long …

This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …

The paper examines the effect of exchange rate changes on consumer prices in Ghana using vector autoregression (VAR …) models. Using a data set covering the period 1990M01-2009M02, we find that the exchange rate pass-through to inflation is … ‘incomplete' and decreasing in Ghana. Our empirical results indicate a low but significant pass-through in the short run.We argue …

past decade. Design/methodology/approach - We limit our sample to a panel of African countries for which inflation is non …) There are significant long-run equilibriums between inflation and each financial dynamic. (2) When there is a disequilibrium …, while only financial depth and financial size could be significantly used to exert deflationary pressures, inflation is …

in absolute measures have positive elasticities of inflation; while (2) financial efficiency and size in relative … measures have negative elasticities of inflation. Social implications - This paper helps in providing monetary policy options …

This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …

Central Bank of Nigeria should pay more attention to the trend of inflation and pursue policies that will ensure single digit … inflation. …