Trans-Atlantic Transmission Of Interest Rate Shocks: Any Macroeconomic Concern For Nigeria?
نویسندگان
چکیده
The interconnectivity of global economies has created undue uncertainties in severeal domestic economies. As a result, this paper specifically investigates the trans-Atlantic transmission interest rate shocks with view to identifying any macroeconomic concern for Nigeria using Annual time series data from World Bank’s Development Indicators 2020. To achieve objectives study, various econometric tests were carried out on variables such as Augmented Dickey- Fuller (ADF) test, variance decomposition test well impulse response test. analysis our VAR model shows that Nigerian respond significantly foreign variables. study therefore concluded are mostly across Atlantic. In line this, recommended monetary authorities should base their policy making stabilizing environment.
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ژورنال
عنوان ژورنال: International Journal of Economics Development Research
سال: 2022
ISSN: ['2715-7903', '2715-789X']
DOI: https://doi.org/10.37385/ijedr.v3i3.560