An extended Taylor rule for a small open African economy

This paper estimated a monetary policy rule for Nigeria by augmenting the traditional Taylor rule model, using data spanning 2010Q1 to 2023Q2 in a Dynamic Ordinary Least Square regression. The results from competing models – the Taylor rule and extended Taylor rule (exchange rate augmented) – were s...

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Bibliographic Details
Main Authors: Omolara Omotunde Duke, Dominic Opiah, Obioma Asuzu, Seyi Saint Akadiri, Aminu Umaru, Peter Offum, Abubakar Sani Ibrahim
Format: Article
Language:English
Published: Elsevier 2024-03-01
Series:Scientific African
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2468227624000206

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