High inflation and real exchange rate impact unemployment in Nigeria.
The article explores how inflation and real exchange rate affect unemployment in Nigeria. By using a method called Generalized Method of Moments (GMM), the researchers found that both inflation and real exchange rate depreciation lead to higher unemployment rates, which can harm economic growth. Specifically, they discovered that as inflation levels rise, the impact of real exchange rate depreciation on unemployment also increases. This suggests that controlling inflation could help reduce unemployment and promote economic growth by creating more job opportunities.