Abstract
The earnest expectation of every economy over the year has been to attain the highest possible level of economic growth and development. This research work is on the ‘’Impact of Monetary Policy on Economic growth in Nigeria’’ between the period of thirty years (30) covered from 1980-2010. The Impact of monetary policy in an economy has been a continuous discussion in every economy especially developing economics which will give rise to economic growth and development of a nation. In carrying out this research, Secondary data was used on PC Give 8.00 version package to regress the model with GDP as the dependent variable, and money supply, inflation rate, liquidity ratio and interest rate as independent variables. The model explained that the impact of monetary policy on economic growth is statistically significant, through the signs obtained from its prior expectation is positively related to GDP but does not hold strong enough. Money Supply has a positive relationship and also significant impact on the economy. Inflation has a negative relationship, while the interest rate and liquidity ratio is positively significance on impact of economic growth. R-Squared show 73% increase on the GDP. It is therefore recommended that some effective policies are to be made in constraints to the in effectiveness of past monetary policies which should be eliminated.
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This paper examines the outcome of privatization in the Nigerian economy within the context of a globalized eco...
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The study attempted to investigate the effect of formal education on Nigerian women’s attitude towards fa...
BACKGROUND OF THE STUDY
The creation of products and services, as well as their distribution, promotion...
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This study was carried out to examine parental academic background and primary school pupils&r...
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Water is one of the most important and abundant compounds of the ecosystem. All living organis...