Economics, Econometrics and Finance
2 years ago

Nigeria's Economy Crippled by U.S. Monetary Policy Shifts, Experts Warn

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International Journal of Economics and Business Administration
Spillover Effects of US Monetary Policy and Macreconomic Conditions in Nigeria: Evidence from Time-Varying Parameter Structural Vector Autoregression (TVP-SVAR)
Saba Saba

Paper Summary

The article examines how U.S. monetary policy affects Nigeria's economy using a special model. The study shows that the impact of U.S. monetary policy on Nigeria's GDP and inflation changes depending on the phase of U.S. monetary policy. During unconventional and normalization phases, Nigeria's economy is negatively affected, leading to longer-lasting consequences. This suggests that U.S. monetary policy plays a significant role in shaping Nigeria's economic ups and downs.

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