Inflation in Nigeria Drives Money Growth, Urgent Need for Policy Change.
The study looked at how money growth and inflation are connected in Nigeria from Q1-2017 to Q4-2017. They found a long-term relationship between money growth and inflation, but no short-term causality. Inflation influences money growth, suggesting that controlling inflation is important for managing the money supply. The researchers recommend using indirect monetary policy tools to control money growth while targeting inflation.