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Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/220
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dc.contributor.authorMordi, Charles N.O.-
dc.contributor.authorAdebiyi, Michael A.-
dc.date.accessioned2018-07-09T13:45:02Z-
dc.date.available2018-07-09T13:45:02Z-
dc.date.issued2010-03-
dc.identifier.citationMordi, C.N.O., & Adebiyi, M.A. (2010). The assymmetric effects of oil price shocks on output and prices in Nigeria using a Structural VAR model. Economic and Financial Review. 48(1), 1-32.en_US
dc.identifier.issn1957-2968-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/220-
dc.description.abstractThe paper develops a structural VAR model in which the asymmetric impact of oil shocks on output and price is analyzed in a unifying model. The model is applied to Nigeria using monthly data spanning 1999:01 to 2008:12 and the empirical results shows that the impact of oil price shocks on output and prices in asymmetric in nature; with the impact of oil price decrease significantly greater than oil price increase. Also from the variance decompositions, oil price changes play a significant role in determining the variance decompositions of output and prices. The implication is that any policy that is aimed at moving the economy forward must focus on price stability in which changes in oil price play a significant role.en_US
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.language.isoenen_US
dc.publisherResearch Department, Central Bank of Nigeriaen_US
dc.relation.ispartofseriesVolume 48;No.1-
dc.subjectOil prices Shocksen_US
dc.subjectAsymmelry ond Slruclurol VARen_US
dc.subjectNigeriaen_US
dc.titleThe assymmetric effects of oil price shocks on output and prices in Nigeria using a Structural VAR modelen_US
dc.typeArticleen_US
Appears in Collections:Economic and Financial Review

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