Economics, Econometrics and Finance
8 years ago

Monetary policy shocks in Nigeria: One-size-fits-all approach boosts output and prices.

Journal of Economics and Behavioral Studies
A Bound Test Analysis of Effects of Monetary Policy Shocks on Output and Prices in Nigeria 2000-2010
Olumuyiwa Tolulope Apanisile

Paper Summary

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The study looked at how monetary policy changes affected output and prices in Nigeria from 2000 to 2010. They found that expected changes in monetary policy had a positive impact on output and prices, while unexpected changes did not have a significant effect. This suggests that using a flexible approach to monetary policy could be more effective in boosting economic growth and controlling prices in Nigeria.