000			01890nam a2200289 a 4500
008			950323s1994 ke a b 000 0 eng
020			_a9966900136
040			_aDLC _cDLC
050	0	0	_aHG3987.7 _b.E49 1994
082			_a332.45609669 _bEGW
100	1		_aEgwaikhide, Festus O.
245	1	0	_aExchange rate depreciation, budget deficit, and inflation : _bthe Nigerian experience /
260			_aNairobi : _bAfrican Economic Research Consortium, _cc1994.
300			_a45 p. :
440		0	_aAERC research paper ;
500			_a"November 1994."
504			_aIncludes bibliographical references (p. [41]-45).
520			_aThis study examined the quantitative effects of exchange rate depreciation on inflation, government revenues and expenditures, and money supply in Nigeria. Our objective was achieved through the use of a macroeconometric model that captures the key aspects of the linkages between the above variables. In the empirical estimates of the structural equations, we drew on recent developments on cointegration and error correction model which are rapidly gaining popularity among economist and econometricians.Evidence from trend analysis suggests that domestic money supply, real output, the shadow price of exchange rate — the parallel market exchange rate — and,more recently, official exchange rate, cannot be ignored in evaluating the proximate causes of inflation in Nigeria. With particular reference to exchange rate, graphical representation reveals that the parallel market exchange rate appears to correlate with inflation more when compared with the official rate.
590			_alje 25/11/19
591			_aLoans
650		0	_aForeign exchange rates
700	1		_aChete, Louis N.
700	1		_aFalokun, Gabriel O.
856			_uhttps://aercafrica.org/wp-content/uploads/2018/07/RP26.pdf
942			_2ddc _cBOOK
949			_a332.45609669 EGW
999			_c16619 _d16619