Journal of Economic Research & Reviews(JERR)

Department of Economics, Nile University of Nigeria, Nigeria

Publications

• Research Article   
  Exchange Rate Pass-Through and Inflation Dynamics in Nigeria: New Evidence from The Post-Fx Market Reforms Era
  Author(s): Oreoluwatoni Adenike Coker and Apinran Martins Olugbenga*
  
  This study examines the exchange rate pass-through (ERPT) to inflation in Nigeria using monthly data from 2010–2024, a period encompassing significant foreign exchange market reforms. Employing a Vector Autoregression (VAR) model with five macroeconomic variables-Consumer Price Index (CPI), Exchange Rate (EXR), Monetary Policy Rate (MPR), GDP Growth Rate (GDPGR), and Oil Price—the analysis reveals important insights into Nigeria's inflation dynamics. The empirical results show a 12-month cumulative ERPT coefficient of 21.8%, indicating that a 1% naira depreciation generates approximately a 0.22 percentage point increase in consumer prices, representing incomplete pass-through consistent with pricing-to-market behavior and local currency invoicing practices. Impulse response functions demonstrate that exchange rate shocks peak within 3-4 months and persist for approxima.. Read More»
  

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