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Title: | THE IMPACT OF MONETARY POLICY ON THE ECONOMIC GROWTH IN NIGERIA. (1986-2013) |
Authors: | OLUMIDE EMMANUEL, AWONIYI ADEGOKE, Y.O. |
Keywords: | NIGERIA IMPACT ECONOMIC GROWTH MONETARY POLICY |
Issue Date: | Aug-2015 |
Publisher: | FEDERAL UNIVERSITY OYE EKITI |
Citation: | Ajayi, S.I. and Ojo, O.O. (2006). Money and banking: Analysis and policy in the Nigerian context second edition. |
Series/Report no.: | DEPARTMENT OF ECONOMICS AND DEVELOPMENT STUDIES PROJECT;EDS/11/0164 |
Abstract: | Distortion of price has been a major bottleneck to the attainment of growth in developing
countries. Monetary policy serves as the macroeconomic tool used to combat and alter the
negative outcomes in order to maintain viability and balance in the economy. However, the
dissatisfaction of the actual outcome in relation to the targeted outcome has led to the
discussion on the roles and effects of monetary policy on the economy in terms of growth. The
study investigated the impact of monetary policy on economic growth in Nigeria. |
Description: | This research is carried out to study the impact of monetary policy on
economic growth in Nigeria during the period of 1986 to 2013. It was
examined by considering the effect of monetary policy on some selected
macroeconomic variables or components i.e. Gross Domestic Product,
Inflation rate and Exchange Rate, Interest Rate, Broad Money Supply through
the use of Co-integration method of analysis. The monetary policies employed
by the Central Bank of Nigeria has played a crucial role in the stabilization of
money circulation and monitoring credit facilities and all things regarding
monetary matters to foster healthy investment and savings in order to achieve
its objectives and also to attain economic growth. |
URI: | http://repository.fuoye.edu.ng/handle/123456789/1315 |
ISSN: | EDS/11/0164 |
Appears in Collections: | Economics and Development Thesis
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