Home / Economics / The role of monetary policy in the management of inflation in nigeria

The role of monetary policy in the management of inflation in nigeria

 

Table Of Contents


Chapter 1

: Introduction 1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms

Chapter 2

: Literature Review 2.1 Overview of Monetary Policy
2.2 Historical Perspective
2.3 Theoretical Frameworks
2.4 Empirical Studies on Monetary Policy
2.5 Inflation Management Strategies
2.6 Central Bank Independence
2.7 Monetary Policy Transmission Mechanisms
2.8 Monetary Policy Effectiveness
2.9 Critiques of Monetary Policy
2.10 Summary of Literature Review

Chapter 3

: Research Methodology 3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Methods
3.5 Variables and Measures
3.6 Research Model
3.7 Assumptions and Limitations
3.8 Ethical Considerations

Chapter 4

: Discussion of Findings 4.1 Overview of Data Analysis Results
4.2 Impact of Monetary Policy on Inflation
4.3 Relationship between Interest Rates and Inflation
4.4 Central Bank Policy Tools
4.5 Comparison with Previous Studies
4.6 Policy Implications
4.7 Recommendations for Future Research
4.8 Conclusion on Findings

Chapter 5

: Conclusion and Summary 5.1 Summary of Research Findings
5.2 Conclusion
5.3 Contributions to Literature
5.4 Practical Implications
5.5 Recommendations for Policy and Practice
5.6 Areas for Future Research
5.7 Conclusion Statement

Thesis Abstract

Monetary policy consists of discretionary measures designed by monetary authorities to regulate and influence the supply, cost and direction of money and credit provided to the economy. This aspect of macroeconomic policy remains one of the cornerstones of economic policy formulation and implementation. Monetary policy is relevant irrespective of the economic framework in place.

With the adoption of the inflation, this study examine the impact of monetary policy in Nigeria using econometric techniques, a model that captures the impact of inflation on monetary policy is specified and estimated using the techniques of Ordinary Least Square for the period of 1985-2008.

The main findings emerging in this study indicated that the demand for money has an inverse relationship between the level of interest rates and inflationary rates. The study also advocated for the inclusion of partial adjustment scheme while modeling money demand functions and hence monetary policy in Nigeria.



Thesis Overview

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