Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/191683
Authors: 
Bawa, Sani
Abdullahi, Ismaila S.
Ibrahim, Adamu
Year of Publication: 
2016
Citation: 
[Journal:] CBN Journal of Applied Statistics [ISSN:] 2476-8472 [Volume:] 7 [Year:] 2016 [Issue:] 1 [Pages:] 255-276
Abstract: 
This study examined the dynamics of inflationary process in Nigeria over the period 1981 - 2015, using the bounds testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main determinants of inflationary process in Nigeria over the study period. We also found strong evidence of the importance of money supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in Nigeria. Thus, the paper recommended among others, the continuous moderation of growth in money supply by the central bank and adopting consumers' expectations of inflation as an input into the monetary policy process.
Subjects: 
Inflation
Money Supply
Rainfall
Cointegration.
JEL: 
C22
E31
E51
Document Type: 
Article
Social Media Mentions:

Files in This Item:
File
Size
499.71 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.