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

NES-63RD-ANNUAL-CONFERENCE-2022

Conference virtual link: https://us02web.zoom.us/j/83983249180?pwd=aXFkRGpoMFFoN1lpcGlqTUFGdUFsUT0...read more


2022 ANNUAL CONFERENCE POSTER

Kano State, the commercial city of Northern Nigeria will host NES 63rd Annual Conference 2022. The c...read more


Nigerian Economic Society 63RD ANNUAL CONFERENCE 2022

The Nigerian Economic Society wishes to inform the general public on her forthcoming Annual Conferen...read more


63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


E-Mail Subscription

VoguePayVisaMasterCard