Fiscal policy and long-run inflation dynamics: evidence from a major emerging market economy*

Fiscal Policy and Macroeconomic Stability in Nigeria: Evidence from Dynamic Regression Models

Fiscal policy is widely regarded as a central instrument of macroeconomic management, yet its short-run relationship with stability outcomes in oil-dependent, low-income economies remains empirically unsettled. This study examines the effect of fiscal policy on macroeconomic stability in Nigeria using annual data cover...

Fiscal deficit and monetary dynamics in India: unravelling the asymmetric nexus

Fiscal Policy and Inflation in Nigeria: A Policy Impact Evaluation

This study examines the impact of fiscal policy instruments on inflationary dynamics in Nigeria during the period 1992-2024. Employing an Autoregressive Distributed Lag (ARDL) framework within a Keynesian theoretical perspective, the research investigates the relationship between three key fiscal variables, tax revenue...

External Inflation Exposure and Fiscal Policy Under the Dollar Peg: Evidence from GCC Economies

The six Gulf Cooperation Council (GCC) economies share a dollar peg and heavy hydrocarbon dependence, yet their inflation paths diverge sharply over time. Because the peg imports US monetary policy and forecloses nominal adjustment, GCC inflation plausibly reflects imported price pressure, oil revenue cycles working th...

Inflation Persistence, Price Rigidity, and Monetary Policy Transmission in Selected Sub-Saharan African Countries

This study investigates the relationship among inflation persistence, price rigidity, and monetary policy transmission in 15 selected Sub-Saharan African (SSA) economies over the period 2008Q1–2024Q4 within a New Keynesian framework. Using the Panel Autoregressive Distributed Lag (PARDL) technique, the study examines b...

Impact of Fiscal Deficit Threshold on Economic Growth: Evidence from Pakistan (1985–2025)

This paper examines the impact of fiscal deficit on economic growth in Pakistan and identifies the fiscal deficit threshold beyond which economic performance begins to deteriorate. Using annual time-series data from 1985 to 2025, the analysis incorporates GDP growth as the dependent variable and fiscal deficit as the m...