This paper investigates the connection between foreign direct investment and economic growth in Nigeria during the period 2000Q1-2020Q2 using an Autoregressive Distributed lag model. We control for the influence of several macroeconomic variables, including treasury bill rate, government...

Member States of the West African Monetary Zone (WAMZ) have made considerable efforts to meet the ECOWAS macroeconomic convergence criteria on a bumpy road to regional integration in West Africa. However, the launch of the single monetary zone in the WAMZ was postponed several times owing to...

This paper explores the macroeconomic implications of the COVID-19 pandemic in the WAMZ and discusses measures that could be employed to mitigate the adverse economic effects of the pandemic to preserve the gains already achieved towards regional integration. It identifies the channels through...

The outbreak of COVID-19 pandemic presents an unprecedented and synchronized disruption of the economies of the West African Monetary Zone (WAMZ). This study uses the Conditional Fan Chart based on Vector Error Correction Model (VECM) to forecast the effects of the pandemic on three key...

The increasing uncertainties about the evolving pattern of the novel COVID-19 virus in the absence of a vaccine and the dampening economic effects associated with the containment measures, which have triggered a sharp fall in global commodity prices have raised concerns among policymakers in the...

This paper examines the monetary policy response to fluctuations in international capital flows to Nigeria. This study improves on previous studies by employing the recent asymmetric ARDL approach to examine whether capital flow fluctuations have symmetric or asymmetric effects on monetary...

This paper utilizes a modified structural VAR (SVAR-X) model to analyse the process of monetary policy reaction function in turbulent period compared to the period of tranquillity. The study finds that it is crucial to distinguish between the response of monetary policy to output growth and...

The study examined the long run association between disaggregated public expenditure and inflation rate in selected African countries with data spanning 1990-2019. The study employed a panel cointegration technique and estimated the cointegrating relationship using the Fully Modified OLS...

Money market and economic growth nexus has been debated in the literature. This paper therefore re-examines money market impact on economic growth in Nigeria using quarterly data from 2000Q1 to 2018Q4. It utilised the structural vector autoregressive (SVAR) model framework to generate the...

Member States of the West African Monetary Zone (WAMZ) have made considerable efforts to meet the ECOWAS macroeconomic convergence criteria on a bumpy road to regional integration in West Africa. However, the launch of the single monetary zone in the WAMZ was postponed several times owing to...