[PDF] Top 20 Oil Price Shocks and Monetary Policy Aggregates in Nigeria: A Structural VAR Approach

... stabilization policy for the sustenance of macroeconomic ...and monetary policy distortions and external shocks are transmitted to other sectors of the ...consumer price index as ... See full document

... variables: price index computed as Colombo consumer price index (CPI) in 2005 based year; interest rate (IR), ...dollar; monetary aggregate, particularly reserve money (M0) in million ...world ... See full document

... (R), monetary aggregate as measured by (M2), the consumer price index (CPI), Industrial production index (IP), world price of oil (WOP) and the exchange rate (ER) expressed as units of ... See full document

... panel VAR estimation reveal that GDP responds negatively to oil price increase in the long term without experiencing significant growth in the short ...exports oil while Singapore has a ... See full document

... shocks in Iran’s economy using the seasonal time series statistics for the period of ...employed structural vector auto-regression model ...a structural inflation in Iran’s ...the policy of ... See full document

... a VAR approach for a selection of West African countries and found that ERPT is incomplete, highest in Ghana and lowest in ...supply shocks and monetary policy stand of the ... See full document

... models. Monetary policy researchers, central banker policy makers made bulk of papers going back and forth between simple univariate time series models to highly sophisticated nonlinear dynamic model ... See full document

... crude oil price are commonly considered as a main contributor to asymmetries of business ...international oil market are creating concern about potential slowdowns in the economic performance of a ... See full document

... in Nigeria. The structural break dates characterising key macroeconomic variables highlighted the introduction of structural adjustment program (SAP) in ...liberalization policy in ... See full document

... in price instruments affect the real sector, with varying degree of ...other monetary aggregates are chosen as intermediate targets for the purpose of achieving desired policy ... See full document

... recursive VAR approach (the Choleski identification) a monetary policy shock causes a response of the same sign from the GDP, M3, nominal exchange rate, results that are counterintuitive and a ... See full document

... crude oil price, exchange rate and sectoral stock prices in Nigeria between 2009 and 2016, using quarterly data collected from the Central Bank of Nigeria (CBN) and Nigeria Stock ... See full document

... economic shocks. One such major structural shift is, in particular, the increase in international compe- tition – one result of globalisation – as it limits the scope for price ...previous oil ... See full document

... of oil price shocks on exchange rate and economic output has been a matter of great concern to policy makers in many oil dependence economies such as ...of oil price ... See full document

... the price of commodities and country risk, given that both variables are calculated daily on the international ...inflation, monetary aggregates and real exchange rate) are not available at one time, ... See full document

... investigate price puzzle, i.e., cost-channel of monetary transmission in ...of policy changes on aggregate real output and price level of the economy; rather cost channel is investigated in ... See full document

... rate policy against the US dollar during the post-1997 crisis ...the monetary authority in Indonesia continues to assign relatively large weight to the US dollar, suggesting a managed float regime of ... See full document

... these shocks. Existing literature concludes that oil prices affect oil importing countries such as Turkey ...rising oil prices during the last ten years, the GNP of Turkey entered into a ... See full document

... an oil price ...the policy rate up to ...of monetary policy shocks. Though, in these periods the policy rate was flat indeed economy experienced ... See full document

... the oil price shocks in 1973 were among the greatest shocks which have affected the world ...the oil price-macro- economy relationship has become a fruitful field of ...between ... See full document