International records / OpenAlex research

Fiscal Policy and Inflation in Nigeria: A Policy Impact Evaluation

This study examines the impact of fiscal policy instruments on inflationary dynamics in Nigeria during the period 1992-2024. Employing an Autoregressive Distributed Lag (ARDL) framework within a Keynesian theoretical perspective, the research investigates the relationship between three key fiscal variables, tax revenue (TRT), public expenditure (PEX), and debt financing (DBT), and the Consumer Price Index (CPI) as a measure of inflation. The bounds test results indicate no long-run cointegration among the variables, prompting a focus on short-run dynamics. The empirical findings reveal that la…