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Interest Rate Channel and Real Economy in Nigeria: A Bayesian Vector Autoregression Approach

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This study examined the dynamic response of real economy to interest rate shocks using Bayesian vector autoregression model with Minnesota/Litterman prior criterion. Impulse Response Functions showed that all the variables were consistent with the theory apart from investment whose response was counter intuitive. Forecast Error Variance Decomposition confirmed theoretical interactions... https://foldlyers.shop/product-category/speedometer/
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