... relationship between interest rates and NPLs, with increases in lending rates leading to higher credit risk after a lag. Inflation mitigates NPLs in the short term, while credit expansion initially improves loan performance but subsequently contributes to higher default levels. The evidence suggests that NPL...

...Seyi Saint Akadiri; Oktay Özkan Purpose This study examines the long-run relationship between renewable energy consumption, economic growth, and sustainable development in Nigeria over the period 2000–2023, while controlling for foreign direct investment (FDI), inflation, and urbanisation...

...Victoria Oluwatoyin Foye; Oluwasegun Olawale Benjamin; Adewumi Otonne; Sodiq Olaiwola Jimoh; John Ojo Fatile Purpose This paper analyses Nigeria's exchange rates, inflation and productivity response to energy shocks. Design/methodology/approach The paper employs the impulse response function...

... Financial development Globalisation Economic growth Asymmetric Inflation Gross capital formation G23 F6 O40 D82 E31 Financial development (FD) and globalisation have been identified in the literature as crucial to economic growth. While the role of FD in economic growth has been...

...Kazana Leonidas Manayubahwe; Yvonne Umulisa Purpose Recent global shocks have disrupted East Africa’s inflation landscape, potentially altering relationships between inflation and other macroeconomic variables. This study tests the presence of multiple structural breaks in inflation and how...

... stability in Nigeria from 2002 to 2021. Findings Banking sector return on assets (ROA), regulatory capital ratio, the level of financial inclusion, economic growth, inflation and the total unemployment rate are significant determinants of financial stability in Nigeria. ROA and the rate of unemployment...

...Musa Abdullahi Sakanko; Sesan Oluseyi Adeniji; Michael Akume Purpose Nigeria’s inflation surged after the COVID-19 pandemic, reaching 34.19% in 2023 – its highest in 28 years – with food inflation at 40.53%. In response, the Central Bank of Nigeria (CBN) implemented aggressive monetary tightening...

... (interest rate, oil price and real effective exchange rate) and two climate change indicators (rainfall and temperature) variables. Results show that both temperature and rainfall have a significant negative relationship with inflation, hence climate change should be part of a macroeconomic policy framework...

...Sakanko Musa Abdullahi; Akims Amos Kanang; Stephen Salawu Gana Purpose The motivation for this study is to determine whether inflation in Nigeria is driven by the Central Bank’s direct advances and Treasury bills/bonds as modes of financing the budget deficit. Hence, it examines whether the method...

...Peterson K. Ozili Purpose The study investigates the impact of financial inclusion, financial stability, bank nonperforming loans, inflation, macroeconomic management quality and the unemployment rate on economic growth in Nigeria. Design/methodology/approach The data are analyzed using...

...Rihab Bousnina; Foued Badr Gabsi Purpose In this article, we assess the impact of inflation on the current account balance in the case of Tunisia, covering the period 1976–2022. Design/methodology/approach The study utilizes a threshold regression approach proposed by Hansen (2001) in a bid...

...David Mensah Awadzie; Edward Attah-Botchwey; Bright Gabriel Mawudor Purpose The exchange rate is an important driver of a country’s economic growth, influencing trade, investment, inflation, and employment. This study’s main objective was to investigate the threshold effects of exchange rates...

...Carl Hope Korkpoe; Ferdinand Ahiakpor; Edward Nii Amar Amarteifio Purpose The purpose of this paper is to emphasize the risks involved in modeling inflation volatility in the context of macroeconomic policy. For countries like Ghana that are always battling economic problems, accurate models...

... variables in inducing tax evasion. This study adds to the limited studies in this new direction of research. Previous studies found that inflation, low gross domestic product (GDP) growth and gross fixed capital formation causes recession, increases unemployment, raise interest rates, hurts both domestic...

...Olufemi Gbenga Onatunji; Oluwayemisi Kadijat Adeleke; Akintoye Victor Adejumo Purpose This study reinvestigates the validity of the Phillips curve in Nigeria for the period 1980–2020 by considering the asymmetric nexus between unemployment and inflation. Design/methodology/approach...

... indicate that the effects of fiscal policy are strongly time varying. Specifically, the results show that fiscal policy helps to stabilize the economy, (i.e. they help to reduce inflation and spur output growth) following macroeconomic shock. Further, the Granger test shows that fiscal policy helped...

...Solomon Yemidi; Grace Nkansa Asante; Paul Owusu Takyi Purpose The purpose of this research is to examine the impact of alterations in the path of monetary policy rates on inflation via the supply side of an emerging economy. Design/methodology/approach The study employed semi-annual data...

...Mario Gómez; Oluwasefunmi Eunice Irewole Purpose Unemployment is one of the major challenges facing most countries, including Africa as a continent. Seeking how to reduce unemployment, debt, inflation and increase gross domestic product (GDP), foreign direct investment (FDI) and gross capital...

...Richard K. Ayisi Purpose High inflation levels remain a challenge in macroeconomic stabilization policies among developing economies. Oil price is identified as an important driver of inflation. In the wake of high and unstable international oil prices, the question regarding the relationship...

...Andrew Phiri Purpose The purpose of our study is to examine the inflation–growth nexus relationship for Swaziland between 1975 and 2016 with the intention of estimating an optimal level of inflation, which maxims economic growth or minimizes growth losses. Design/methodology/approach We...