+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

THE PERFORMANCE OF MONETARY POLICY IN THE NIGERIAN ECONOMY (1980-2010)

  • Type:Project
  • Pages:68
  • Format:Microsoft Word
(Economics Project Topics & Materials)
ABSTRACT
The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study shows further, the aims and objectives of monetary policy which includes price stability, maintenance of balance of payment equilibrium, promotion of employment, tackling inflation, output growth and sustainable development. The literature review shed more light on conceptual and evolutionary framework of monetary policy in Nigeria, review of monetary policy before and offer the structural adjustment programme (SAP), and appraisal of the performance of monetary policy in Nigeria were thoroughly discussed. also appropriate measures for managing inflation in the economy were also suggested from the research instruments and techniques, if was observed that there are leakages in velocity of money through corrupt practices in the system and diabolic means of creating cash flow which causes inflation, multiplicity of unemployment and low output growth. The research work, also showed the interplay between the gross domestic product (GDP) and other monetary policy variables (real exchange rate, real interest rate, money supply and liquidity ratio), and their respective contribution to the economy. In conclusion this project suggests total means of curling corruption using the various law enforcements in the country.

TABLE OF CONTENT
Certification ------------------------------------------------------------------------ i
Acknowledgement ----------------------------------------------------------------ii
Dedication --------------------------------------------------------------------------iii
Abstract -----------------------------------------------------------------------------iv

CHAPTER ONE
1.1 Introduction ----------------------------------------------------------------1
1.2 Background of the study -------------------------------------------------1
1.3 Statement of the problem -----------------------------------------------7
1.4 Objectives of the study ---------------------------------------------------8
1.5 Statement of hypothesis -------------------------------------------------9
1.6 Scope and limitations of the study -------------------------------------9
1.7 Significance of the study -------------------------------------------------9

CHAPTER TWO
2.0 Literature review ------------------------------------------------------------11
2.0.1 Conceptual definition of monetary policy -----------------------------11
2.0.2 Evolution of the monetary policy framework in Nigeria ------------12
2.0.3 Review of the monetary policy before the Structural
Adjustment Programme (SAP) --------------------------------------------------16
2.1 Theoretical literature review ---------------------------------------------19
2.1.1 Monetary policy under the Structural Adjustment
Programme (SAP) -----------------------------------------------------------------19
2.1.2 Nigeria monetary policy experience -------------------------------------23
2.2 Empirical literature review -----------------------------------------------28
2.2.1. Framework of monetary policy in targeting inflation ---------------28
2. 2.2 An appraisal of the performance of monetary policy in Nigeria --30
2.2.3 Suggestion for dealing with inflation in Nigeria -----------------------33

CHAPTER THREE
3.0 Research methodology -------------------------------------------------------37
3.1 Model specification -----------------------------------------------------------37
3.2 Method of evaluation --------------------------------------------------------39
3.2.1Unit root test -----------------------------------------------------------------39
3.2.2Presentation of co-integration and error corrections ----------------40
3.2.3 Diagnostic tests --------------------------------------------------------------40
3.3 Justification of the model ----------------------------------------------------40
3.4 Research approach -----------------------------------------------------------41

CHAPTER FOUR
4.0 Presentation of data and discussion of results --------------------------42
4.1 Presentation of data ----------------------------------------------------------42
4.1.1 Unit Root Test ----------------------------------------------------------------42
4.1.2 Co-integration Test ----------------------------------------------------------45
4.2 Economic Opinion, Interpretation/Appriori Criteria --------------------48
4.3 Statistical Criteria of the Results ---------------------------------------------48
4.3.1 T-test ----------------------------------------------------------------------------48
4.3.2 F-test ----------------------------------------------------------------------------49
4.4 Economic Criteria ---------------------------------------------------------------50
4.4.1 Test for Autocorrelation -----------------------------------------------------50
4.4.2 Normality test ------------------------------------------------------------------51
4.4.3 Test for multicollinearity -----------------------------------------------------52

CHAPTER FIVE
Summary -------------------------------------------------------------------------------55
Conclusion ------------------------------------------------------------------------------58
Recommendations --------------------------------------------------------------------59
Bibliography ----------------------------------------------------------------------------61
THE PERFORMANCE OF MONETARY POLICY IN THE NIGERIAN ECONOMY (1980-2010)

Share This

Details

Type Project
Department Economics
Project ID ECO0750
Price ₦3,000 ($9)
No of Pages 68 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Economics
    Project ID ECO0750
    Price ₦3,000 ($9)
    No of Pages 68 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study... Continue Reading
    ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study... Continue Reading
    ABSTRACT The purpose of this project work is based on the relative performance of monetary policy in the Nigerian economy. This work discussed the meaning of monetary policy is as combination of measures designed to regulate the value, supply and cost of money in an economy in consonance with the expected value of economies activities. The study... Continue Reading
    . ABSTRACT The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the regress while cash research requirement, liquidity ratio, money supply, minimum rediscount rate, interest... Continue Reading
    ABSTRACT The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the regress while cash research requirement, liquidity ratio, money supply, minimum rediscount rate, interest rate are the regressors. The government employs a deliberate manipulation of cost and availability of credit... Continue Reading
    ABSTRACT The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the regress while cash research requirement, liquidity ratio, money supply, minimum rediscount rate, interest rate are the regressors. The government employs a deliberate manipulation of cost and availability of credit... Continue Reading
    ABSTRACT The study examined the impact of monetary policy in stabilizing the Nigeria economy. In the model specified inflation is the regress while cash research requirement, liquidity ratio, money supply, minimum rediscount rate, interest rate are the regressors. The government employs a deliberate manipulation of cost and availability of credit... Continue Reading
    ABSTRACT The term unemployment can be defined as a situation whereby those who are willing and able to work do not find job. This is mostly seen among greduates of various institutions of learning especially in underdeveloped nation like Nigeria. The study was designed to investigate the... Continue Reading
    CHAPTER ONE 1.1 THE BACKGROUND OF STUDY Unemployment has been one of the most persistent and un-manageable problems facing all industrial countries of the world. It has been noted as a macroeconomic and social problem. In October 1982, the 13th International Conference of Labour Statisticians adopted a new resolution concerning the statistics of... Continue Reading
    ABSTRACT. The term unemployment can be defined as a situation whereby those who are willing and able to work do not find job. This is mostly seen among greduates of various institutions of learning especially in underdeveloped nation like Nigeria. The study was designed to investigate the impact on unemployment on Nigeria economy (1980-2010). The... Continue Reading