Please use this identifier to cite or link to this item: https://library.cbn.gov.ng:8443/jspui/handle/123456789/9
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dc.contributor.authorAdebiyi, Micheal-
dc.contributor.authorMordi, Charles N. O.-
dc.date.accessioned2013-09-16T06:44:27Z-
dc.date.available2013-09-16T06:44:27Z-
dc.date.issued2012-
dc.identifier.urihttp://library.cbn.gov.ng:8092/jspui/handle/123456789/9-
dc.description.abstractThis study employs a Bayesian framework of DSGE model to estimate the pass-through effect of exchange rate to domestic inflation in Nigeria using a quarterly data for the period 1980 to 1998. The response of inflation rate to exchange rate shock is found to be positive and statistically significant in the short run. It shows a small and incomplete pass-through of exchange rate to domestic inflation in Nigeria with almost zero in quarter 1 (0.09), rose to 0.18 in quarter 2 and declined to 0.07 and 0.01 in quarters 3 and 4, respectively. This is lower than the findings obtained elsewhere by other authors. The low pass-through is attributed in part to the low, stable, and predictable inflation rate arising from the improved credibility of the policy environment.en_US
dc.subjectDSGE Modelen_US
dc.subjectExchange Rate Pass-throughen_US
dc.subjectExchange Rateen_US
dc.subjectInflationen_US
dc.subjectNigeriaen_US
dc.subjectEconomy-Nigeriaen_US
dc.titleA Dynamic Stochastic General Equilibrium (DSGE) Model of Exchange Rate Pass-Through to Domestic Inflation in Nigeriaen_US
dc.typeArticleen_US
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