Omotosho, Babatunde S. - In: CBN journal of applied statistics 10 (2019) 2, pp. 1-38
This paper studies the macroeconomic implications of oil price shocks and the extant fuel subsidy regime for Nigeria. To do this, we develop and estimate a New-Keynesian DSGE model that accounts for pass-through effect of international oil price into the retail price of fuel. Our results show...