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Revisiting the accuracy of inflation forecasts in Nigeria: The oil price-exchange rate-asymmetry perspectives

Kazeem Isah, Abdulkader Cassim Mahomedy, Elias Udeaja, Ojo Adelakun & Yusuf Yakubua
Motivated by the distinctive paradoxical nature of the Nigerian economy as the only OPEC oil-exporting economy that yet depends heavily on the importation of gasoline, we are compelled to re-examine the accuracy of the oil-based augmented Philips curve model in the predictability of inflation...
Feb 2022
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