Macroeconomic Stabilization and the Policy Mix: Evaluating the Fiscal Consequences of Central Bank Deficit Financing Under Nigeria’s FRA 2007 Framework
This study evaluates the macroeconomic policy mix in Nigeria by analyzing the fiscal consequences of Central Bank of Nigeria (CBN) direct deficit financing under the constraint of the Fiscal Responsibility Act (FRA) of 2007. Utilizing an uninterrupted annual time-series dataset spanning from 1999 to 2026, the study spe...