F. A. Adebimpe

Oil Price Shocks and Macroeconomic Adjustment: Evidence on Exchange Rate, Inflation, and Interest Rate Dynamics in Nigeria

This study examines the short-run and long-run impact of oil price shocks on three major macroeconomic variables of Nigeria, which are the exchange rate, the inflation rate, and the interest rate for the period of 1974 to 2022. Nigeria is an interesting case study because it is a large crude oil exporter and a net i...