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Monetary Transmission Channel, Oil Price Shock and the Manufacturing Sector in Nigeria

Author

Listed:
  • Omolade Adeleke

    (Post-Doctoral Research Fellow, School of Accounting, Economics and Finance, University of KwaZulu-Natal, South Africa)

  • Nwosa Philip

    (Lecturer, Department of Economics and Development Studies, Federal University Oye Ekiti, Nigeria)

  • Ngalawa Harold

    (School of Accounting, Economics and Finance, University of KwaZulu-Natal, South Africa)

Abstract

Research background: The need for diversification of the Nigerian economy has been emphasized and the manufacturing sector has a major role in this. Being an oil producing country, monetary policy is an important macroeconomic policy that has always been used to manage the influence of oil price shock on the manufacturing sector.

Suggested Citation

  • Omolade Adeleke & Nwosa Philip & Ngalawa Harold, 2019. "Monetary Transmission Channel, Oil Price Shock and the Manufacturing Sector in Nigeria," Folia Oeconomica Stetinensia, Sciendo, vol. 19(1), pages 89-113, June.
    • Handle: RePEc:vrs:foeste:v:19:y:2019:i:1:p:89-113:n:7
    DOI: 10.2478/foli-2019-0007
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    References listed on IDEAS

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    More about this item

    Keywords

    Monetary Transmission Mechanism; Manufacturing Output; Oil Price Shocks;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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