Monetary Policy Effectiveness Under Climate Uncertainty: A Bayesian Dynamic Stochastic General Equilibrium Approach
Aminu Umaru & Nuhu Ado
What the paper says
This study employs a Bayesian DSGE model with 2000Q1–2024Q2 data to assess Nigeria’s monetary policy effectiveness under climate uncertainty. The results show that climate, exchange rate, and oil price shocks amplify inflation and weaken policy effectiveness. The findings highlight the need to integrate climate strategies into monetary policy to improve macroeconomic stability amid increasing environmental and economic challenges.
1 citation
Evidence weight
0.37
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.16 × 0.4 = 0.06 |
| M · momentum | 0.53 × 0.15 = 0.08 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.