Effect Of Fiscal And Monetary Policies On Poverty Reduction In Nigeria:- Kalu Glory U

ABSTRACT

The major objective of this study was to analyse the relationship between monetary and fiscal policies and poverty reduction in Nigeria, using annual data spanning the period 1980- 2018. Specifically, it sought to: examine the impact of fiscal and monetary policies on poverty reduction in Nigeria and determine the existence of long run relationship between monetary and fiscal policies and poverty reduction in Nigeria. The study employed the Ordinary Least square (OLS) technique, and the Johansen test to address the specific objectives. This study has revealed that inflation, interest rate has a direct impact on poverty reduction and GDP and money supply has an indirect impact on poverty reduction in Nigeria; also, tax, total government expenditure and unemployment has a direct impact on poverty reduction in Nigeria; there is a long run relationship between monetary and fiscal policies and poverty reduction in Nigeria. TOPIC: The relationship between monetary and fiscal policies and poverty reduction in Nigeria,