The role of monetary policy in the management of inflation in nigeria | Blazingprojects Postgraduate Thesis
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The role of monetary policy in the management of inflation in nigeria

 

Table Of Contents


Chapter ONE

INTRODUCTION

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

Chapter TWO

LITERATURE REVIEW

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

Chapter THREE

RESEARCH METHODOLOGY

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

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

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

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

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



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