THE IMPACT OF FISCAL AND MONETARY POLICY ON THE NIGERIAN ECONOMY
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study investigates the nature of interactions between fiscal and monetary policies in Nigeria, as well as how these interactions influence the relative effectiveness of both policies within the new-Keynesian framework over the sample period 1970-2011 and at specific monetary regimes (1970-1993 and 1994-2011). Using the VAR approach, the study finds that the two policies seem to be counteractive for most part of the study period, especially during the direct control period (1970-1993); but evidence is also found in favour of accommodativeness at some points, mainly during the indirect control period (1994-2011). Also, using the Killick’s (1981) criteria, the study finds that, when analysed within an interaction framework, fiscal policy seems to be relatively effective compared to monetary policy in Nigeria. Furthermore, evidence is found in support of a non-Ricardian regime and the fiscal theory of price level (FTPL) determination which implies that inflation in Nigeria may not be unconnected with the fiscal recklessness of the government, and not necessarily monetary impotence. Overall, the study concludes that there seems to be fiscal dominance in the Nigerian economy, and advocates for proper coordination of fiscal and money policy, which is subject to cordial relationship and mutual commitments of the fiscal and monetary authorities.
Related Project Materials
EVALUATION OF THE INFLUENCE OF GUIDANCE AND COUNSELLING SERVICES ON CAREER CHOICE OF SECONDARY SCHOOL STUDENTS
BACKGROUND OF THE STUDY
Education, in its broadest meaning, covers all of the processes that people go...
ANALGESIC AND ANTI-INFLAMMATORY STUDIES ON METHANOL ROOT EXTRACT OF ANDROPOGON GAYANUS KUNTH (POACEAE) IN MICE AND RATS
ABSTRACT
The plant Andropogon gayanus is employed in herbal medicine for the treatment of various disease conditions. The dried root of t...
EVALUATION OF SOME CHEMICAL CONSTITUENTS OF SELECTED ENERGY DRINKS
Abstract
This research work examined and compares the physicochemical properties and some chemical cons...
CAREER PROSPECT ON CONFIDENTIAL SECRETARY IN A PUBLIC ESTABLISHMENT
Abstract
This study examined career prospect of confidential secretary in a public establishment.
Questionnaires...
DETERMINATION OF HUMAN RESOURCE MANAGEMENT PRACTICES OF MANAGERS OF SMALL AND MEDIUM ENTERPRISES IN ANAMBRA STATE
Background to the Study
Small and Medium Scale Enterprises (SMEs) are deemed to be integral to the growth and developme...
IMMUNOCYTOCHEMICAL AND MOLECULAR ANALYSIS OF LIQUID-BASED CERVICAL CYTOLOGY SPECIMENS IN AHMADU BELLO UNIVERSITY TEACHING HOSPITAL ZARIA, NORTHERN NIGERIA
ABSTRACT
Cervical cancer is a common and important public health problem for adult women in developing countries. Many industrialized cou...
PHOSPHORUS STATUS OF SOME/THREE WETLAND TYPES IN AKWA IBOM STATE, SOUTH EASTERN NIGERIA.
ABSTRACT
Phosphorus status of three wetland types in Akwa Ibom State was investigated. The aim was to find out phosphoru...
DEVELOPMENT OF A DISCRETE-FIREFLY ALGORITHM BASED FEATURE SELECTION SCHEME FOR IMPROVED FACE RECOGNITION
ABSTRACT
This research presents the development of a Discrete Firefly Algorithm (DFA) based feature selection scheme for improved face re...
MANAGEMENT/LABOUR RELATIONS AND ITS EFFECTS ON PRODUCTIVITY
ABSTRACT
This study is aimed at management-labour relation and its effect on prodcutivity in an organization using NITEL...
INFANT FEEDING DECISIONS AMONG HIV- POSITIVE MOTHERS IN OGOJA, CRISIS RIVER STATE, NIGERIA
Background to the Study
The human immunodeficiency virus, also known as HIV, is a persistent illness that can manifest i...
