THE EFFECTIVENESS OF FISCAL AND MONETARY POLICIES IN CONTROLLING INFLATION | Blazingprojects Postgraduate Thesis
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THE EFFECTIVENESS OF FISCAL AND MONETARY POLICIES IN CONTROLLING INFLATION

 

Table Of Contents


  • Title page                                                                         iApproval page                                                                 iiDedication                                                                       iiiAcknowledgement                                                           ivAbstract                                                                           vTable of Contents                                                             viCHAPTER ONEINTRODUCTIONGeneral Overview of the Study                                 1Statement of the Problems                                       3Objectives of the Study                                           4Significance of the Research                                   5Limitations of the Study                                         5Research Methodology                                           6Definition of Terms                                                 7Scope of the Study                                                   10CHAPTER TWOLITERATURE REVIEW                                    
  • 2.1  Definition of Inflation                                      
  • 122.2  Causes of Inflation in Nigeria                          
  • 132.3  Types of Inflation                                            
  • 162.4  Effect of Inflation                                            
  • 172.5  Measures Taken to Control Inflation                      
  • 192.6  Concepts of Monetary Policy                          
  • 202.7  Objectives of Monetary Policy                        
  • 222.8  Monetary Policy Control Measures                   24.CHAPTER THREERESEARCH METHODOLOGY Research Design                                                     28Samples Size/ Population                                               28Sources of Data                                                       29Data Analysis Techniques                                       31CHAPTER FOURPRESENTATION AND ANALYSIS OF DATAData Presentation                                                   33Data Analysis                                                           34CHAPTER FIVESUMMARY, CONCLUSIONS AND RECOMMENDATIONSSummary                                                                         44Conclusion                                                             45Recommendation                                                     46Bibliography                                                           48

Thesis Abstract

The purpose of this project is to evaluate the Effect of
Monetary and Fiscal Policies in checking the causes of Inflationary trends in
the Economy.

Before the advent of fiscal and monetary policies, inflation
has been regarded as a nation’s scourage, which tried to parlayed economic
activities in the economy. this persistent inflationary increase in the country
gave impetus for the launching of these two policies as a good weapon to check
the negative tendencies of inflation.

This work however considers briefly some of the various
instruments used in monetary and fiscal policies to curb this problems. It also
examiners the extent of compliance of various income earner (fixed income
earners and businessmen) and even the government towards these policies. The
research work is divided into five sections. The introduction, the literature
review, the research methodology, discussion of findings, summary, conclusion
and recommendation. It is therefore, a comprehensive and balance supplement to
augment the effort of previous writers in the field. It is valuable to readers
and future writers.


Thesis Overview

<p> <strong><strong><strong></strong></strong></strong></p><ol><li><strong><strong><strong><strong>INTRODUCTION</strong></strong></strong></strong></li></ol><p><strong><strong><strong>1.1<br>GENERAL OVER VIEW OF THE STUDY</strong></strong></strong></p><p><strong><strong>In general monetary policy refers to the<br>combination of matures designed to regulate the value, supply and cost of money<br>in all company, in consonance with the level of economic activity. And excess<br>supply of money which will result in an<br>demanded for goods and services will cause rising price and / or a<br>deterioration of the balance of payment position. On the other hand, an inadequate<br>supply of money could in due stagnation in the economy and there by retained<br>growth and development-</strong></strong></p><p><strong><strong>Consequently, the central bank or the central monetary authority must attempt to keep the money supply growing at an appropriate rate to ensure sustainable economic growth and to maintain internal and external stability.</strong></strong></p><p><strong><strong>The discretionary control of the money stock by the central<br>monetary authority, thus, involves the expansion or contraction of money<br>influencing interest rates to make money influencing interest rates o make<br>money cheaper or more expensive depending on the prevailing economic conditions<br>and the channeling of money to priority sectors.</strong></strong></p><p><strong><strong>In a nutshell, the aims of monetary policy are basically to<br>control inflation, maintain a healthy balance of payments position for the country<br>in order to safeguard the external<br>values of the national currency and <br>promote an adequate an sustainable level of economic growth and<br>development. The techniques by which the monetary authority tries to achieve<br>the above objectives can be classified normally its two categories, the direct<br>or portfolio control approach and indirect or market intervention.</strong></strong></p><p><strong><strong>In another development fiscal policy has its own measures, which aid in checking the causes of inflation in the economy. Such as the use of fiscal policy as a means of increasing economic activities and the use of fiscal policy as means of reducing economic activities, however, the researcher expatiates more of monetary policy due to its direct relationship towards inflationary tred.</strong></strong></p><strong><strong><strong></strong></strong></strong><br> <br><p></p>

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