Economics, Econometrics and Finance
8 years ago

Central Bank's Communication Shift Sparks Economic Growth in Nigeria

SSRN Electronic Journal
Signalling Effects of Monetary Policy in Nigeria: Evidence from the New Central Bank’s Communication Regime: 2005-2011
Aliyu Rafindadi Sanusi

Paper Summary

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The article examines how the Central Bank of Nigeria's communication about monetary policy influences the economy from 2005 to 2011. The researchers found that clear and consistent communication from the Central Bank can have a significant impact on the economy, affecting inflation rates and interest rates. This suggests that how the Central Bank communicates its policies can shape economic outcomes in Nigeria during the specified period.