Fiscal and monetary policies in Nigeria act as strong complements.
The study looked at how fiscal and monetary policies work together in Nigeria to affect inflation and output. They used a model to see how these policies interact and found that when one policy is used to boost the economy, the other policy tends to do the same. However, the combined effect of both policies on output and inflation in Nigeria is not very strong, suggesting that stabilization policies may not have a big impact on the country's economic outcomes.