Category Issues in Economics

EXCERPTS FROM JULY 2015 MPC

6.0 GARBA, ABDUL-GANIYU Context of Decision The global economic outlook remains uncertain, tenuous and tough for emerging markets and resource driven economies. The Euro-Greek crises, the busting of the Chinese asset market bubble and the persisting uncertainty about the timing of the US Fed’s rate increase have heightened uncertainties in global financial markets. For oil […]

Exchange rate regimes

Last week the naira hit record lows against the USD with the interbank rate weakening to N173/$ intraday before the Central Bank of Nigeria (CBN) stepped in to shore up the currency. Although the CBN governor insists he will not devalue the naira, the steep declines in oil prices – which have fallen to four […]

DGE

I had a discussion recently with the head of research at an investment bank and somewhere along the line we gravitated towards DSGE models. He personally didn’t like them but he agreed that’s where much of economic analysis is headed. Thus, I decided to write my first post here on them. Economics is evolving. In […]