A small macroeconometric model of the Nigerian economy

S.O. Olofin, Olusanya Olubusoye, C.N.O. Mordi, Afees Salisu, Adegoke Adeleke, S.O. Orekoya, Afolabi Olowookere and M.A. Adebiyi

Economic Modelling, 2014, vol. 39, issue C, 305-313

Abstract: 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.

Keywords: Macro-econometric models; Policy simulation; Nigerian economy (search for similar items in EconPapers)
JEL-codes: C50 E27 E58 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999314000893
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:39:y:2014:i:c:p:305-313

DOI: 10.1016/j.econmod.2014.03.003

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().