Exchange rate and inflation: is there a relationship in Nigeria

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dc.contributor.authorMordi, C.N.O.
dc.date.accessioned2018-11-22T08:45:39Z
dc.date.available2018-11-22T08:45:39Z
dc.date.issued2014-12
dc.description.abstractThis paper attempts to examine the link between exchange rate and domestic price level in Nigeria. Employing the VAR technique, the study used monthly series of inter-bank rate, world export prices, real gross domestic product, oil prices and consumer price index from 2000MI to 2015MI. The results from the study show that exchange rate pass-through to price level is high. a shock to exchange rate (depreciation) would increase domestic price by 0.72 per cent in the first month. The effect rose to 0.82, 0.85 and 0.86 per cent in month 2,4 and 6, respectively, before it began to fall. By the sixth month, it stood at around 0.84 per cent, on the average. Also the results of the VAR model and exchange rate pass-through coefficients indicate that pass-through to price level in Nigeria is partial or incomplete.en_US
dc.description.provenanceSubmitted by Samuel A. Oyeboade (adeoluwa81@gmail.com) on 2018-10-26T12:20:58Z No. of bitstreams: 1 Exchange rate and inflation is ther any relationship in nigeria.pdf: 166785 bytes, checksum: 2f77abba16472a477b8db996c7f154aa (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-22T08:43:27Z (GMT) No. of bitstreams: 1 Exchange rate and inflation is ther any relationship in nigeria.pdf: 166785 bytes, checksum: 2f77abba16472a477b8db996c7f154aa (MD5)en
dc.description.provenanceApproved for entry into archive by Ifeanyichukwu Ohaju (ifohaju@gmail.com) on 2018-11-22T08:45:23Z (GMT) No. of bitstreams: 1 Exchange rate and inflation is ther any relationship in nigeria.pdf: 166785 bytes, checksum: 2f77abba16472a477b8db996c7f154aa (MD5)en
dc.description.provenanceMade available in DSpace on 2018-11-22T08:45:39Z (GMT). No. of bitstreams: 1 Exchange rate and inflation is ther any relationship in nigeria.pdf: 166785 bytes, checksum: 2f77abba16472a477b8db996c7f154aa (MD5) Previous issue date: 2014-12en
dc.description.sponsorshipCentral Bank of Nigeriaen_US
dc.identifier.citationMordi, C.N.O. (2014). Exchange rate and inflation: is there a relationship in Nigeria. CBN Economic and Financial Review. 52(4), 105-123.en_US
dc.identifier.issn1957-2968
dc.identifier.urihttp://repo.cbn.gov.ng/jspui/handle/123456789/644
dc.language.isoenen_US
dc.publisherCentral Bank of Nigeria, Research Departmenten_US
dc.relation.ispartofseriesVol. 52;No. 4
dc.subjectExchange rateen_US
dc.subjectInflationen_US
dc.subjectExchange rate pass-throughen_US
dc.subjectForeign exchange marketsen_US
dc.subjectInflation theoryen_US
dc.titleExchange rate and inflation: is there a relationship in Nigeriaen_US
dc.typeArticleen_US

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