Potency of Monetary and Fiscal Policy Instruments on Economic Activities of Nigeria (1960-2011)

Simple item page
dc.contributor.authorSanni, Micheal Rotimi
dc.date.accessioned2023-08-04T18:28:47Z
dc.date.available2023-08-04T18:28:47Z
dc.date.issued2012
dc.description.abstractThe paper empirically investigated the use of fiscal policy and monetary policy in controlling the economic activities in Nigeria. This was done with the aim of finding out which of the two policies is superior to another. Time series data (from 1960-2011) were sourced from the Central Bank of Nigeria. (CBN) on such economic variables as Debt Financed Deficits (DFD), Fiscal Deficit Ratio (FDR) and Money Printing Financed Deficits (MPFD)-(proxies for fiscal policy) on one hand and monetary policy. proxy by Narrow Money Supply (MI) and Broad Money Supply (M2) on the other hand. The data were analyzed using Error Correction Mechanism (ECM) method Findings showed that monetary policy instruments exert more influence on the economy when all the five variables were used. The exclusion of MPFD however indicated otherwise. Though no causality exists between the GDP and cach of the variables, the probabilities of the GDP not granger causing monetary policy instruments are less than those of fiscal policy instruments. The conclusion one can easily reach is that none of the policies can be said to be superior to another and that a proper mix of the policies may enhance a better economic growth
dc.identifier.urihttps://repository.run.edu.ng/handle/123456789/3832
dc.language.isoen
dc.publisherJournal of African Macroeconomic Review J.A.M.R Journal of African Macroeconomic Review
dc.relation.ispartofseriesVol 3, No. 1
dc.titlePotency of Monetary and Fiscal Policy Instruments on Economic Activities of Nigeria (1960-2011)
dc.typeArticle
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
POTENCY OF MONETARY AND FISCAL POLICY INSTRUMENTS ON ECONOMIC ACTIVITIES OF NIGERIA (1960-2011).pdf
Size:
567.22 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Department of Anatomy