International records / OpenAlex research
Exchange Rate Pass-Through and Inflation Dynamics in Nigeria: An Analysis of Macroeconomic Impacts and Policy Implications (2006-2023)
This paper analyzed the foreign exchange pass-through to inflation in Nigeria for the period of 2006 to 2023. The exchange rate pass-through mechanisms into domestic prices were investigated by using the separately identification Structural Vector Auto Regressive (SVAR) model. The approach adopted in the analysis captures non-linearity and lags through ERPT, especially based on higher amplification ratios of consumer prices to exchange rate fluctuations after 2014. These studies showed proof that cost pull brought about by depreciations is highly costly to inflation and that monetary policy ca…
