New Perspectives on Inflation in Nigeria
نویسندگان
چکیده
This study ofers another perspective to the injlationary trend in Nigeria that incorporates monetarist, open economy and structural features of the economy. The main argument is that variation in the parallel market exchange rate was one of the determinants qfprice level behavior in Nigeria durittg the period, 1971 I 995. A partial equilibrium model based on micro,foundations is solved for the price level and the solution estimated through TMYI Stcrge Leas[ Squares (2SLL?) instrumental vuriable method, using annual data. The results confirm the inzporiance ofparallel market exchange rate dynumics, in addlion to [he lraditional monetarist variables in the period under review.
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تاریخ انتشار 2001