A Critical Evaluation of Monetary Policy on the Nigerian Economy

A Critical Evaluation of Monetary Policy on the Nigerian Economy

Project / Seminar Material
Reference ID: PS-8036-TM

DEDICATION

This research material titled “A Critical Evaluation of Monetary Policy on the Nigerian Economy” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Economics, Book Authors and Profound Scholars of existing or related project material on “A Critical Evaluation of Monetary Policy on the Nigerian Economy” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

This study aims to analyze through the econometric methodology of the effects of monetary policy in the Nigerian economy. To achieve the above objective, the growth in production was chosen as the dependent variable, while the real exchange rate, real interest rates and inflation has been chosen as the independent variable. The ordinary least square was used in the regression estimate.

According to the empirical results, we realized that the whole variables are insignificant in the t-test, but in f-test, we reject the null hypothesis and conclude that the slope coefficient are not simultaneously zero . We realized from the test battery there is a co integration between the explanatory band dependent variables for level of stationarity are the same. The implication of the result of the policy is that if the monetary and banking policies are effectively implemented, it will be compatible with the determination of the level of output growth in the economy


A Critical Evaluation of Monetary Policy on the Nigerian Economy

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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