THE EFFECTIVENESS OF MONETARY POLICY AS A TOOLS FOR CONTROLING INLFATION IN NIGERIA (1980-2004)

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THE EFFECTIVENESS OF MONETARY POLICY AS A TOOLS FOR CONTROLING INLFATION IN NIGERIA (1980-2004), Is A Well-Researched Topic, It Is To Be Used As A Guide Or Framework For Your Research. (download in EPUB or PDF format).

ABSTRACT

This study is designed to empirically analyze the effectiveness of
monetary policy as a tool for controlling inflation in Nigeria.

To investigate on this, hypothesis were formulated as follows:
Ho: Monetary policy measures adopted over the years have no
significant impact in inflation control in Nigeria.
Hi: monetary policy measures adopted over the years have
significant impact on inflation control in Nigeria.
The researcher adopted the method of linear regression, the
ordinary least square (OLS) technique in analyzing the secondary
data of inflation rate and money supply (1980-2004). The researcher
were further subjected to t-ratio and f-tests, the result of which
confirmed.
I. Monetary policy measures adopted by the monetary
authorities between 1980 and 2004 were not effective and
had no significant impact in controlling inflation.
2. Quick monetary remedies for inflation control do not
exist.
Based on the above findings, the following are the policy
recommended:
The elimination of inflation requires the eradication of
inflationary expectation.
Government should concentrate more on productive
investment, which will reduce inflationary pressure in Nigeria.
The monetary authorities should maintain vigilance in its
efforts to keep inflation in check by adhering to effective
monetary and fiscal policies.
Government should monitor the implementation of
monetary policies to ensure its success.
It is believed that if the monetary authorities follows the
above recommendation, effective will be achieved.

TABLE OF CONTENTS

TITTLE PAGE i
APPROVAL PAGE ii
DEDICATION iii

ACKNOWLEDGEMENT iv
ABSTRACT v
TABLE OF CONTENTS vi
CHAPTER ONE
1.0INTRODUCTION
1.1 BACKGROUND OF THE STUDY
1.2 STATEMENT OF THE PROPLEM
1.3 OBJECTIVES OF THE STUDY
1.4 HYPOTHESIS OF THE STUDY
1.5 SIGNIFICANT OF THE STUDY
1.6 SCOPE OF THE STUDY
1.7 DEFINITION OF TERMS
CHAPTER TWO
2.0LITERATURE REVIEW
2.1 THE MEANING OF MONETARY POLICY
EVOLUTION AND APPLICATION OF MONETARY POLICY
INSTRUMENTS IN NIGERIA
2.2 EMPIRICAL LITERATURE

2.2.1 OBJECTIVE OF MONETARY POLICY IN NIGERIA
2.2.2 RECENT DEVELOPMENT OF THE NIGERIA MONETARY
POLICY
2.2.3 PRE-STRUCTURAL ADJUSTMENT PROGRAMME (SAP)
MONETARY POLICIES IN NIGERIA
2.2.4 POST-SAP MONETARY POLICIES IN NIGERIA
2.2.5 THE IMPACTS OF NIGERIA’S MONETARY POLICIES IN
THE INFLATION CONTROL
2.3 ECONOMIC IMPLICATION / CONSEQUENCES OF
MONETARY POLICY.
CHAPTER THREE
3.0 METHODOLOGY
3.1 THEORITCAL FRAMEWORK
3.2 MODEL SPECIFICATION
3.3 METHOD OF EVALUATION
3.4 DATA REQUIREMENT AND SOUCE
CHAPTER FOUR
4.0 DATA PRESENTATION AND ANALYSIS

4.1 EMPERICAL RESULTS
4.2 STATISTICAL TEST OF SIGNIFICANCE
4.3 EVALUATION OF THE WORKING HYPOTHESIS
4.4 IMPLICATION OF THE RESULT
CHAPTER FIVE
5.O SUMMARY OF FINDING, CONCLUSION AND
RECOMANDATION
5.1 SUMMARY OF FINDING
5.2 CONCLUSION
5.3 RECOMMENDATIONS

Additional information

Author

IHUKA EMMANUEL CHIGOZIE

No of Chapters

5

No of Pages

49

Reference

YES

Format

PDF

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