Oil Price Shock and Fiscal|Monetary Policy Variables in Nigeria

Oil Price Shock and Fiscal-Monetary Policy Variables in Nigeria

Some other studies which focused on oil price shock vis-a-vis macroeconomic variables sometime mixed the variables of both policies, though not ...

Oil Price Shock and Fiscal-Monetary Policy Variables in Nigeria

First, we establish that significant variation in monetary policy rate, exchange rate and money supply are explained by oil price shock. Second, ...

Oil Price Shock and Fiscal-Monetary Policy Variables in Nigeria

First, we establish that significant variation in monetary policy rate, exchange rate and money supply are explained by oil price shock. Second, ...

Effect of Oil Price Shock on Monetary Policy in Nigeria

This paper studies the impact of oil price shocks on monetary policy and some macroeconomic variables. Studying the role of monetary policy distinguishes ...

(PDF) Munich Personal RePEc Archive Oil Price Shock and Fiscal ...

First, we establish that significant variation in the monetary policy rate, exchange rate, and money supply is explained by oil price shock.

[PDF] Oil Price Shock and Fiscal-Monetary Policy Variables in Nigeria

The study employed structural vector auto regressive model in a disaggregated analysis to measure the relative response of monetary and fiscal policy ...

Response of fiscal efforts to oil price dynamics - ScienceDirect.com

The Nigerian government heavily relies on oil revenue to finance its expenditure; the annual budget is planned based on a benchmarked crude oil price and ...

Oil Price Shock, Fiscal Policy and Manufacturing Sector in Nigeria

In this study, we used SVAR framework to investigate the impact of oil shocks on manufacturing output in Nigeria via fiscal variables using annual data from ...

OIL PRICE SHOCKS AND FISCAL POLICY MANAGEMENT - ijebmr

This could partly be attributed to oil proceeds accounting for over 90 per cent of Nigeria revenue. Hence, fluctuations in oil prices has policy implications ...

Effect of Oil Price Shock on Monetary Policy in Nigeria

This paper examines the effects of oil price shocks on interest rate, real GDP and real effective exchange rate in Nigeria using a vector autoregressive ...

Impact of oil price shocks on selected macroeconomic variables in ...

These are (i) the asymmetric effect of oil price shocks, (ii) the declining impact of oil on the economy, and (iii) the role of monetary policy. Many empirical ...

Oil Price Shocks And Macroeconomic Variables In Nigeria

The policy implication of this is that fiscal policy can be used more effectively to stabilise the domestic economy after an oil shock. Kilian (2008) used a ...

(PDF) Oil price shock and macroeconomic activity in Nigeria

The findings were contrary to previous empirical findings in other countries; oil price shock does not affect output and inflation in Nigeria.

Evaluating adverse effects of supply shocks on monetary policy

This paper applied structural VAR to identify supply shocks (defined as sudden impulses to crude oil prices) for the Nigerian economy from l990 Q1 to 2011 ...

Oil Price Shocks and Macroeconomic Performance in Nigeria

tive contributions of monetary policy and oil price shocks to the recessions ... investment, lasts much longer than that on price/monetary variables. Also ...

Oil price shocks and fiscal policy management: Implications for ...

However, some studies from Nigeria did not find significant impact of oil price shock on variables like; money supply, price level, and output and government ...

Oil Price Shock and Macroeconomic Performance in Nigeria - CORE

Persistent oil price shocks could have severe macroeconomic implications, this including challenges for policy making i.e fiscal and monetary policies. Edmund ( ...

Effect of Oil Price Shocks on Selected Macroeconomic Variables in ...

Yusuf (2015) also contends that oil plays a critical role in Nigeria in the conduct of fiscal and monetary policies because it accounts for ...

OIL PRICE SHOCKS AND NIGERIA'S MACRO ECONOMY

impacts of oil price shocks on key macro economic variables in Nigeria and ... This supports earlier studies that monetary policy responds to oil price shocks ...

DOES OIL PRICES SHOCK MATTER IN THE NIGERIAN ECONOMY ...

... Nigeria that identifies oil shock using sign and zero restriction. Second, our modeling accommodates monetary policy and exchange rate variables. Thus, we ...