Vero RecordArchive

International records / OpenAlex research

Transmission of Periodic Shocks from Exchange Rate to Inflation in Nigeria: Local Projection Impulse Response Function (LPIRF) Approach

The periodic shocks from exchange rate to inflation over the years have been a matter of great concern to policy makers in many import-dependent economies such as Nigeria. Hence, this study investigated the transmission of periodic shocks in exchange rate to inflation in Nigeria over the period 1981-2023. The study employed the innovative local projection impulse response function (LPIRF) to examine the response of inflation to shocks in exchange rate. Given several economic crises, policy and institutional changes in Nigeria, the model variables were subjected to multiple structural breaks. T…

Files

  • PDF · 668.9 KB · text indexed, 49,038 characters
    SHA-256 c1ea945c62b9276dd24d90be658803d9ede0a2045811e2601b2904464fdbc272
    from https://pubs.sciepub.com/jfe/13/4/1/jfe-13-4-1.pdf