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Sources of Economic Policy Uncertainty in Nigeria: Implications for Africa

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  • Ozili, Peterson K

Abstract

This paper identifies the sources of economic policy uncertainty in Nigeria and draw implications for Africa. The paper finds that economic policy uncertainty in Nigeria has many sources which are interlinked such as: unexpected and sudden central bank intervention; change in government policy after elections; political interference in economic policy making; fall in global oil price, oil price shocks and uncertain government response; recession and unethical public policy and practices.

Suggested Citation

  • Ozili, Peterson K, 2022. "Sources of Economic Policy Uncertainty in Nigeria: Implications for Africa," MPRA Paper 112075, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:112075
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    Cited by:

    1. Afees Salisu & Sulaiman Salisu & Subair Salisu, 2024. "A news-based economic policy uncertainty index for Nigeria," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(5), pages 4987-5002, October.

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    More about this item

    Keywords

    Economic policy uncertainty; index; bankruptcy; investment; trade; financial institutions; systemic risk; government policy; fiscal policy; monetary policy; political interference; Nigeria.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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