Does difference in monetary policy framework matter for interest rate Pass-through? Evidence from TVP-VAR with stochastic volatility

The relative success of Inflation Targeting (IT) amidst widespread rising inflation globally is motivating the Central Bank of Nigeria (CBN) to renew its desire for an IT framework. This paper applies the Time-Varying Parameter Structural Vector Autoregression with the Stochastic Volatility model (T...

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Bibliographic Details
Main Authors: Usman Adamu Bello, Auwal Isah
Format: Article
Language:English
Published: Elsevier 2025-06-01
Series:Central Bank Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S1303070125000125
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