International records / OpenAlex research

Dynamic Interactions Between Macroeconomic Stability and Policy Uncertainty in Nigeria: An Insight from Mt-Nardl Approach

Considering Nigeria macroeconomic volatile environment evidenced by dependence on oil export as the major source of foreign exchange, economic imbalances, and regular shifts in economic policy, this paper consider the varying Economic Policy Uncertainty (EPU) levels affect major economic indicators such as inflation, GDP and exchange rates adopting the Multiple Threshold Nonlinear Autoregressive Distributed Lag (MT-NARDL) as the analytical framework. Contrasting conventional models, the MT-NARDL encompass asymmetries and regime-specific dynamics. Outcomes reveal that economic policy uncertaint…