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
POLYGAMY AND FAMILY SIZE AS A DETERMINANTS OF STUDENTS’ ACADEMIC PERFORMANCE IN SELECTED SECONDARY SCHOOLS
Abstract
The study examines the effect of polygamy and large family size on students’ academic performance in sele...
CHALLENGES AND OPPORTUNITIES FACING EFFORTS TO REDUCE CHILD LABOR IN NIGERIA
Background of the Study
The practise of employing children in labor-intensive jobs is pervasive throughout Nigeria. This...
THE OBSTACLES AFFECTING THE SECONDARY EDUCATION STANDARD IN NIGERIA
ABSTRACT
This research work was carried out to investigate into the obstacles affecting the secondary education standard...
THE PLACE OF WOMEN IN THE CHURCH OF NIGERIA (ANGLICAN COMMUNION)- PERSPECTIVES FROM 1 CORINTHIANS
Background to the Study
In recent years various women's issues have been the focus of attention and debate not only...
IMPACT OF RATIO ANALYSIS AS A TOOLS FOR INVESTMENT DECISION
EXCERPT FROM THE STUDY
1. Ration analysis facilitates proper understanding of information continued in financial stateme...
THE UNITED STATES OF AMERICA AND THE WAR AGAINST INTERNATIONAL TERRORISM: ANALYSIS OF THE INVASION OF IRAQ
ABSTRACT
This study takes a critical examination of the United States posture against international terrorism and eventu...
THE INFLUENCE OF POOR FINANCING ON THE OPERATION OF SMALL SCALE INDUSTRIES IN NIGERIA (A CASE STUDY OF SELECTED INDUSTRIES IN AWKA METROPOLIS)
ABSTRACT
The every economy a critical look into it will reveal that the need a...
THE MANAGEMENT OF PENSION SCHEME IN NIGERIA (PROBLEMS AND PROSPECTS)
ABSTRACT
This research work is on the topic, “The Management of Pension Scheme in Nigeria (Problems and Pro...
DESIGN AND IMPLEMENTATION OF AN INTELLIGENT TRAFFIC CONTROL SYSTEM
Due to the ever-increasing traffic demand, modern societies with well-planned road management systems, and sufficient infrastructures for transport...
STATISTICAL ANALYSIS OF ROAD ACCIDENTS (A CASE IN ENUGU STATE FROM 1993 TO 2000)
BACKGROUND OF THE STUDY
In the world today, transportation which is the conveyance of goods and passeng...
