References
Abere, S. S., & Akinbobola, T. O. (2020). External shocks, institutional quality, and macroeconomic performance in Nigeria. SAGE Open, 10(2), 1–14. https://doi.org/10.1177/2158244020919518. Abanikanda, E. O., & Dada, J. T. (2024). External shocks and macroeconomic volatility in Nigeria: Does financial development moderate the effect? PSU Research Review, 8(3), 828–844. https://doi.org/10.1108/PRR-07-2022-0094. Adefabi, R. A., & Rasaki, M. G. (2018). External shocks and economic growth in Nigeria. Acta Universitatis Danubius Oeconomica, 14(7), 85–101. Adeniran, T. A., & Yusuf, M. O. (2022). External sector volatility and macroeconomic stability in Nigeria. Journal of Economics and Sustainable Development, Vol. 13, No. 4, pp. 45–58. Adesete, A. A., & Bankole, F. A. (2020). Oil price shock and macroeconomic aggregates in Nigeria: SVAR evidence. Journal of Economics Library, 7(2), 69–80. Adewuyi, A., & Ogunrinola, I. O. (2021). Oil price shocks and macroeconomic performance in Nigeria. Nigerian Journal of Economic and Social Studies, Vol. 63, No. 2, pp. 112–129. Ajakaiye, O. (2022). Macroeconomic Management and Economic Development in Nigeria. Lagos: Nigerian Economic Society. Akinlo, A. E. (2021). Oil price shocks and economic growth in Nigeria. Energy Policy Review, 15(3), 101–118. Alenoghena, R. O. (2020). Oil price shocks and macroeconomic performance of the Nigerian economy. Facta Universitatis, Series: Economics and Organization, 17(4), 205–220. Awolaja, O., Ajibola, O., & Joseph, T. (2024). External shocks, economic resilience and economic growth in Sub-Saharan Africa countries: A case study of Nigeria. African Economic and Management Review, 4(1), 1–8. https://doi.org/10.53790/aemr.v4i1.3. Barro, R. J. (1996). Inflation and growth. Review of Economics and Statistics, Vol. 78, No. 1, pp. 150–160. Bello, M., & Abimbola, O. (2020). External sector shocks and economic performance in Nigeria. Journal of Economic Studies, 12(1), 55–72. Blanchard, O. (2017). Macroeconomics. 7th Edition. Pearson Education. Central Bank of Nigeria (2023). Statistical Bulletin. Abuja: CBN. Egbetunde, T., & Fasanya, I. O. (2020). External shocks and output volatility in Nigeria. Economic Change and Restructuring, 53(4), 567–589. Eze, P. C., & Nwankwo, C. (2021). Exchange rate shocks and macroeconomic stability in Nigeria. African Journal of Applied Economics, 9(2), 88–104. Edo, S. E. (2022). External vulnerabilities and macroeconomic instability in Nigeria. CBN Economic and Financial Review, Vol. 60, No. 1, pp. 33–51. Fischer, S. (1993). The role of macroeconomic factors in growth. Journal of Monetary Economics, Vol. 32, No. 3, pp. 485–512. Fleming, J. M. (1962). Domestic financial policies under fixed and flexible exchange rates. IMF Staff Papers, Vol. 9, pp. 369–379. Frank, A. G. (1967). Capitalism and underdevelopment in Latin America. Monthly Review Press. Friedman, M. (1968). The role of monetary policy. American Economic Review, Vol. 58, No. 1, pp. 1–17. Ibrahim, M. S., & Bello, A. S. (2023). Oil price uncertainty and macroeconomic instability in Nigeria. African Development Review, 35(2), 211–228. Iyoha, M. A. (2021). Macroeconomics: Theory and Policy in Developing Economies. Benin City: Mindex Publishing. Kajewole, P & Odioko, O (2021). The Effect of External Reserves on Stock Market Performance in Nigeria: A Study Covering 2004 to 2014. Glob Acad J Econ Buss; Vol-3, Iss-6: 178- 186 Krugman, P. (2018). International Economics: Theory and Policy. 11th Edition. Pearson Education. Lucas, R. E. (1976). Econometric policy evaluation: A critique. Carnegie-Rochester Conference Series on Public Policy, Vol. 1, pp. 19–46. Mishkin, F. S. (2021). Macroeconomics: Policy and Practice. 3rd Edition. Pearson Education. Mundell, R. A. (1963). Capital mobility and stabilization policy under fixed and flexible exchange rates. Canadian Journal of Economics and Political Science, Vol. 29, No. 4, pp. 475–485. National Bureau of Statistics (2021). Nigerian Gross Domestic Product Report. Abuja: NBS. Nwachukwu, I., & Okorie, U. (2020). External shocks and inflation dynamics in Nigeria. Journal of Monetary Economics in Africa, 12(1), 44–61. Obstfeld, M., & Rogoff, K. (1995). Exchange rate dynamics redux. Journal of Political Economy, Vol. 103, No. 3, pp. 624–660. Obstfeld, M., & Rogoff, K. (2019). Foundations of International Macroeconomics. MIT Press. Ojeyinka, T. A., & Yinusa, D. O. (2022). External shocks and transmission channels in Nigeria. Economic Modelling Journal, 15(1), 1–20. Okoye, E. I., & Eze, P. C. (2023). External sector indicators and macroeconomic performance in Nigeria: An ARDL approach. African Journal of Economic Review, Vol. 11, No. 2, pp. 89–104. Oladipo, O., & Akinbobola, T. O. (2022). Macroeconomic response to external shocks in Nigeria. International Journal of Economics and Finance, 14(6), 73–89. Onakoya, A. B., & Adebayo, R. O. (2021). Oil price shocks and macroeconomic dynamics in Nigeria. Journal of African Economic Studies, 9(3), 118–136. Oyelami, L. O., & Olomola, P. A. (2016). External shocks and macroeconomic responses in Nigeria: A global VAR approach. Cogent Economics & Finance, 4(1), 1–19. https://doi.org/10.1080/23322039.2016.1239317. Prebisch, R. (1950). The economic development of Latin America and its principal problems. United Nations. Romer, D. (2019). Advanced Macroeconomics (5th ed.). McGraw-Hill Education. Sa’ad, S., et al. (2023). Asymmetric pass-through effects of oil price shocks and exchange rates on inflation in Nigeria. European Scientific Journal, 19(4), 1–15. Sanusi, L. S. (2020). Oil dependence and macroeconomic instability in Nigeria. Nigerian Journal of Banking and Finance, Vol. 12, No. 1, pp. 20–37. Soludo, C. C. (2021). Can Nigeria Survive Another Oil Shock? Abuja: Economic Policy Lecture Series. Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy, Vol. 39, pp. 195–214. Topbie, J. A., Abah, M. P., & Lasisi, O. K. (2024). Effect of external shocks on macroeconomic stability in Nigeria. International Journal of Social Sciences and Management Review, 9(2), 1–18. Udeh, S. N., & Nwosu, E. O. (2022). Trade openness, capital inflows and macroeconomic stability in Nigeria. Journal of African Trade and Development, Vol. 8, No. 3, pp. 71–88. Udoh, B. E., et al. (2023). Oil price fluctuation, exchange rate and macroeconomic indicators in Nigeria. European Journal of Sustainable Development, 12(2), 119–136. Umar, H. A., & Saibu, M. O. (2021). Capital flows and macroeconomic instability in Nigeria. Journal of International Economics Research, 18(2), 92–110. World Bank (2022). Nigeria Development Update. Washington D.C.: World Bank.