Empirical Analysis Of The Impact Of Monetary Policy On Economic Development In Nigeria

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A Case of Nigeria

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Description

INTRODUCTION
One of the major issues which have occupied the mind of government for years is the impact of monetary policy as a tool for price stability in Nigeria. Despite the lack consensus amongst the economy, there is remarkable strong agreement that monetary policy as an economy- stabilizing measure in Nigeria refers to the persistence rise in the general price level.
Monetary policy is one of the macroeconomic policies available for managing the economy. It is however important today because its effects on economic aggregates such as price, output, interest rates and exchange rates. In most countries, the central bank is saddled with the responsibility of conducting monetary policy. In the case of Nigeria, the responsibility entirely lies with the Central Bank of Nigeria (CBN). The discretionary control of the money stock by the monetary authority involves the expansion and contraction of money, influencing interest rate to make money cheaper or more expensive depending on the prevailing economic situation.

TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract

CHAPTER ONE:
Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Research questions
1.5 Research hypothesis
1.6 Significance of the study
1.7 Scope and limitation of the study

CHAPTER TWO:
Literature Review
2.1 Literature review
2.2 Theoretical literature
2.3 Empirical literature
2.4 Limitation of the previous studies

CHAPTER THREE:
Research Methodology
3.1 Introduction
3.2 Method of data analysis
3.3 Model specification
3.4 sources of data collection
3.5 justification of data collection
3.6 Evaluation technique

CHAPTER FOUR:
Presentation And Analysis Of Results
4.1 Presentation and interpretation of results
4.2 economic a priori criteria
4.3 Statistical criteria (First-order test)
4.4 Econometrics criteria

CHAPTER FIVE:
Summary, recommendations, and
Conclusion
5.1 Summary
5.2 Recommendations
5.3 Conclusion
Bibliography
Appendices