Monetary Policy Instrument And Sustainable Economic Growth In Nigeria (1980-2014)
ABSTRACT
This study examined monetary policy
instrument and economic growth in Nigeria between the periods of 1980-2014. The
main objective of this study is to analyze the effectiveness of monetary policy
instruments and sustainable economic growth in Nigeria and i/s role in
returning the economy hack to equilibrium an inflationary imbalance. In
carrying out this research, secondary data was used on E-views8 version to
regress the model with GD? as the dependent variable and money supply, monetary
policy rate and liquidity ratio as the independent variable. the study was
sourced from the CBN statistical bulletin. From the analysis result it was
revealed that there was a positive relationship between money supply and gross
domestic product (GD?,.) while monetary policy rate and liquidity ratio is
negatively related to GD?. 71-me study recommended that there is a need to
deepen the financial system in Nigeria through improved financial
infrastructure as underdeveloped financial market constrains and also /or
effective operation of the monetary policy measures in the Nigeria economy the
('RN should he granted autonomy on its monetary functions.
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MICHAEL, U (2021). Monetary Policy Instrument And Sustainable Economic Growth In Nigeria (1980-2014) . Repository.mouau.edu.ng: Retrieved Dec 22, 2024, from https://repository.mouau.edu.ng/work/view/monetary-policy-instrument-and-sustainable-economic-growth-in-nigeria-1980-2014-7-2
UNIVERSITY, MICHAEL. "Monetary Policy Instrument And Sustainable Economic Growth In Nigeria (1980-2014) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 30 Jul. 2021, https://repository.mouau.edu.ng/work/view/monetary-policy-instrument-and-sustainable-economic-growth-in-nigeria-1980-2014-7-2. Accessed 22 Dec. 2024.
UNIVERSITY, MICHAEL. "Monetary Policy Instrument And Sustainable Economic Growth In Nigeria (1980-2014) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 30 Jul. 2021. Web. 22 Dec. 2024. < https://repository.mouau.edu.ng/work/view/monetary-policy-instrument-and-sustainable-economic-growth-in-nigeria-1980-2014-7-2 >.
UNIVERSITY, MICHAEL. "Monetary Policy Instrument And Sustainable Economic Growth In Nigeria (1980-2014) " Repository.mouau.edu.ng (2021). Accessed 22 Dec. 2024. https://repository.mouau.edu.ng/work/view/monetary-policy-instrument-and-sustainable-economic-growth-in-nigeria-1980-2014-7-2