Home | Journal of Economics Department | NIGERIAN JOURNAL OF CONTEMPORARY PUBLIC POLICY | Abstract | Reference
MACROECONOMIC SHOCKS AND EXCHANGE RATE FLUCTUATION IN NIGERIA: EVIDENCE FROM STRUCTURAL VECTOR-AUTO REGRESSION (SVAR)

Year: 2014|   Volume No: 10|   Number No: 1|   ISSN: 0795-0330|   Page No: 4


Reference:

Alexius, A. (2001). Sources of Real Exchange Rate Fluctuations in the Nordic Countries. The Scandinavian Journal of Economics,103(2), 317–331. 

Aliyu, S. U. R. (2011). Real Exchange Rate Misalignment : An Application of Behavioural Equilibrium Exchange Rate ( BEER ) to Nigeria. CBN Occasional Paper, (41). 

Akinuli, O. M. (1997) Seasonal Adjustment of Naira Exchange Rate Statistics (1970 – 1995),  Occasional Paper No. 17, Research Department, Central Bank of Nigeria. 

Aliyu, S. U. R. (2011). Real Exchange Rate Misalignment : An Application of Behavioural Equilibrium Exchange Rate ( BEER ) to Nigeria. CBN Occasional Paper, (41). 

Alexius, A. (2001). Sources of Real Exchange Rate Fluctuations in the Nordic Countries. The Scandinavian Journal of Economics,103(2), 317–331. 

Balassa, B. (1964): The Purchasing Power Parity Doctrine: A Reappraisal, Journal of Political Economy 72, 584-596. Blanchard, O. and D. Quah (1989). The Dynamic Effects of Aggregate Demand and Supply Disturbances” American Economic Review 79, 655-673  Bjørnland, Hilde, (2004). Estimating the equilibrium real exchange rate in Venezuela.  Economics Bulletin,Vol. 6, No. 6 pp. 1−8 

 

Chadha, B., & Prasad, E. (1997). Real Exchange Rate Fluctuations and the Business Cycle : Evidence from Japan. Staff Papers (International Monetary Fund), 44(3), 328–355. 

Chinn, M. and Johnston, L. (1996), Real Exchange Rate Levels, Productivity and Demand  Shocks: Evidence from a Panel of 14 Countries, NBER Working Paper no. 5709. 

Clarida, R. and J. Gali (1994). Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks? NBER Working Paper No. 4658. 

Dombush, R. (1976), Expectations and Exchange Rate Dynamics, Journal of Political Economy 84, 1161-1176. 

Dombush, R. and Fisher, S. (1986): The Open Economy: Implications for Monetary and Fiscal  Policy, in Alexius, A. (2001). Sources of Real Exchange Rate Fluctuations in the Nordic  Countries. The Scandinavian Journal of Economics,103(2), 317–331. 

Kempa, B. (2005). How Important are Nominal Shocks in Driving Real Exchange Rates ? Journal of Economic and Statistics, 225(2), 192–204. 

Obaseki, P. J. (2001). The Purchasing Power Parity (PPP) Measure of Naira’s Equilibrium  Exchange Rate, CBN Economic and Financial Review, Vol. 36, No. 1. Pp 1 – 21.  

Ogun, O (2004): Real exchange rate behavior and non oil export growth in Nigeria. African  Journal of Economic Policy, Vol 11 (1). Pp 68-89 

Ojameruaye, E.O (1990): The determination of the realistic exchange rate of the naira; the purchasing power parity approach. Proceedings of the 1990 Annual Conference of the  Nigerian Economic Society. 

Olomola, P. A. & Adejumo, A.V.(2010). Oil price shock and Macroeconomics Activities in Nigeria. International Research Journal of Finance and Economics, Issue 3.

Omotosho, B. S. and M. U. Wambai (2005). Is the Naira Misaligned? Central Bank of Nigeria 

Rogers, J.(1999): Monetary Shock and Real Exchange Rate. Journal of International Economics 49, 269-288 

Samuelson, P. (1964): Theoretical Notes on Trade Problems, Review of Economics and Statistics 46, 145-154. 

Stockman, A. (1988), Real Exchange-rate Variability under Pegged and Floating Nominal Exchange-rate Systems: An Equilibrium Theory, Carnegie-Rochester Conference Series  on Public policy, 29, 259-294. 

Meurers, M (2006): Identifying Determinants of Germany’s International Price Competitiveness  – A Structural VAR Approach. OECD Economic Department Working Papers No. 523 

Victor, E.O and Nathaniel, O.E (2012): Oil Price and the Real Exchange Rate in Nigeria. International Journal of Economics and Finance, vol. 4(6) 

Bergvall, A. (2004). What Determines Real Exchange Rates ? The Nordic Countries. The Scandinavian Journal of Economics,106(2), 315–337. http://doi.org/10.1111/j.1467-9442.2004.00358.x 

Kempa, B. (2005). How Important are Nominal Shocks in Driving Real Exchange Rates ? Journal of Economic and Statistics, 225(2), 192–204. 

Moore, T., & Pentecost, E. J. (2006). The Sources of Real Exchange Rate Fluctuations in India. Indian Economic Review, 41(1), 9–23. 

 Zeira, J. (1991). Fiscal Policy and the Real Exchange Rate under Risk, Journal of International  Moneyand Finance 10, 264-278.