A small macroeconometric model of the Nigerian economy

被引:4
|
作者
Olofin, S. O. [1 ]
Olubusoye, O. E. [1 ]
Mordi, C. N. O. [2 ]
Salisu, A. A. [1 ]
Adeleke, A. I. [1 ]
Orekoya, S. O. [1 ]
Olowookere, A. E. [1 ]
Adebiyi, M. A. [2 ]
机构
[1] Univ Ibadan, Dept Econ, Ctr Econometr & Allied Res, Ibadan, Oyo State, Nigeria
[2] Cent Bank Nigeria, Res Dept, Abuja, Nigeria
关键词
Macro-econometric models; Policy simulation; Nigerian economy;
D O I
10.1016/j.econmod.2014.03.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study develops and uses for forecast a small-scale macro-econometric model of the Nigerian economy. The effects of three policy scenarios built around the assumptions of the changes that the Central Bank of Nigeria is likely to make to the Monetary Policy Rate are proposed and analyzed. Trade-off among the scenarios is identified in terms of their potential impacts on key macroeconomic indicators like inflation, exchange rate, output and lending rate. The results show that the monetary authority has to make a choice between the objectives of maintaining a stable exchange rate and lowering the lending rate. (C) 2014 Elsevier B.V. All rights reserved.
引用
收藏
页码:305 / 313
页数:9
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