Work

Role of Fiscal-Monetary Policy Coordination in Managing Energy Price Shocks in Oil-Exporting Small-Open Economy

Year: 2025

Type: article

Abstract: This study examines the optimal coordinated fiscal-monetary policy mix for mitigating energy price shocks using a Bayesian Structural Vector Autoregression inferential model. The results show that a mix of contractionary fiscal and monetary policies is the most effective tool for mitigating the energy shocks. Therefore, maintaining macroeconomic stability requires achieving fiscal discipline and implementing coordinated policies to restore output growth and achieve price stability in Nigeria.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.138290

Author: Suleiman O. Mamman

Institution: Ural Federal University

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: diamond

Funders: Ural Federal University, Ministry of Science and Higher Education of the Russian Federation

Awards: G2683083082, G6005225358, G830394982