Inflation Targeting in an Emerging Market: VAR and Impulse Response Function Approach

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dc.contributor.authorOdior, E.S.O.
dc.date.accessioned2020-03-28T16:31:20Z
dc.date.available2020-03-28T16:31:20Z
dc.date.issued2012-03
dc.description.abstractThis study examines the inflation targeting in developing countries, using Nigeria as a case study. Methodologically, an Auto-Regression (VAR) and impulse response function (IRF) model were used to analysis the nature of the impacts, where consumer price index (CPI) is presumed to depend upon changes in its determinants. The Auto-Regression process including the consumer price index, broad money supply, exchange rate, gross domestic product and government expenditure is estimated over the period 1970-2010. The model ascertained the extent in which policy target of these macroeconomics variables does lead to changes in inflation. The results show that, money supply and past level of inflation have the potentials of causing significant changes in inflation in Nigeria. This study therefore suggests that more policy attention should be given these variables in other to have stable inflation rate in Nigeria.en_US
dc.identifier.citationOdior, E.S.O. (2012), “Inflation Targeting in an Emerging Market: VAR and Impulse Response Function Approach” European Scientific Journal (ESJ), Publication of the European Scientific Institute, Vol.8, No. 6, ISSN: 1857 – 7881, Pp, 80 - 99en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/8165
dc.language.isoenen_US
dc.publisherEuropean Scientific Journalen_US
dc.relation.ispartofseries8;6
dc.subjectInflationen_US
dc.subjectVARen_US
dc.titleInflation Targeting in an Emerging Market: VAR and Impulse Response Function Approachen_US
dc.typeArticleen_US
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