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Macroeconomic Impact Of Oil Price Shocks On Oil Rich Economies: Evidence From Nigeria Using A Structural Var Approach

Author

Listed:
  • Fred Iklaga
  • Iklaga, Fred Ogli
  • Evbuomwan, Osaretin Paul

Abstract

The distorting effects of oil price shocks on oil rich economies are also significant depending on the level of their vulnerability to external shocks. The paper assesses the impact of these shocks on macroeconomic variablesStructural VAR AnalysisThe results show that oil prices have considerable impact on output, inflation, money supply and exchange rate

Suggested Citation

  • Fred Iklaga & Iklaga, Fred Ogli & Evbuomwan, Osaretin Paul, 2012. "Macroeconomic Impact Of Oil Price Shocks On Oil Rich Economies: Evidence From Nigeria Using A Structural Var Approach," EcoMod2012 4240, EcoMod.
    • Handle: RePEc:ekd:002672:4240
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