Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
FISCAL POLICY AND INFLATION VOLATILITY IN NIGERIA

FISCAL POLICY AND INFLATION VOLATILITY IN NIGERIA

 

Abstract: The question of fiscal-monetary policy nexus is widely documented in the literature, especially in studies that focus on developed economies. Studies suggest that inflation rate is an inevitable economic factor that contributes to economic instability and therefore warn against its uncertainty. Most developing countries including Nigeria have high inflation rates which is claimed to be one of the leading factors contributing to inflation volatility, however the role of fiscal policy has not been emphasized. To this end, this study examines the impact of fiscal policy on inflation volatility in Nigeria, using the framework of error correction mechanism. The results of the study show that discretionary fiscal policy has a transitory effect on inflation volatility in the short-run and a significant negative effect on inflation volatility in the long-run. The results further show that oil price volatility and exchange rate volatility have negative and significant effects on inflation volatility in the long-run while the fluctuations caused by the level of inflation to its volatility is minimal in the long-run compared to the short-run effect. The paper concludes that discretionary fiscal policy has a long-run negative and significant effect on inflation volatility in Nigeria.

Price: N500.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

CALL FOR ABSTRACT

65th ANNUAL CONFERENCE ANNOUNCEMENT 16th – 18th September 2024 Venue: Abuja, FCT, Nigeria ...read more


2023 NES PhD THESIS COMPETITION WINNERS

The Nigerian Economic Society It is with great pleasure that The Nigerian Economic Society (NES) ...read more


NIGERIAN ECONOMIC SOCIETY: PRESS RELEASE

The Nigerian Economic Society Elects New Governing Council Members During Its 64th Annual Conference...read more


NES 64TH ANNUAL CONFERENCE VENUE

Shehu Musa Yar’Adua Conference Centre, Central Area, FCT Abuja....read more


List of Hotels for the 2023 Annual Conference

Hotels address near Yar'Adua Conference Centre A. Price Range from N30, 000 and above: 1. Abuj...read more


Account details

Please, all payments in favour of the Nigerian Economic Society (NES) should be paid into our accoun...read more


E-Mail Subscription

VoguePayVisaMasterCard