Monetary policy shocks in Nigeria favor economic growth over price stability.
The study looked at how changes in monetary policy affect the economy in Nigeria. They found that when the central bank tries to boost the economy, it has a bigger impact than when it tries to slow it down. This means that certain types of monetary policy actions have a stronger effect on economic growth and prices in the long run. The researchers suggest that a balanced approach to monetary policy is needed to help the economy grow while keeping prices stable.