Federal finance and statistics / Central Bank of Nigeria

Fiscal Policy and Macroeconomic Stability in Nigeria: How Effective are Fiscal Rules?

The paper examines the impact of fiscal rules on macroeconomic stability in Nigeria. Using data spanning 2005Q1-2021Q4, the study adopts the Autoregressive Distributed Lag (ARDL) approach and constructs output volatility to account for the role of gross fixed capital formation (GFCF), tax revenue, government size, and trade openness in assessing macroeconomic stability. The findings reveal that, Nigeria has deviated from the established rule limits since 2017. The study also finds that incr | Keywords: macroeconomic stability, fiscal rules, government size

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2023-11-17
Type	guideline
Found at	https://www.cbn.gov.ng/api/GetAllDocuments
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:f5669272d97986fc`

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Fiscal Policy and Macroeconomic Stability in Nigeria: How Effective are Fiscal Rules?. Central Bank of Nigeria, 2023. Vero Archive, record cbn:cbn:f5669272d97986fc.