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Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014)

Authors: AKINTOLA Abolade , OLUWALAIYE Olusola , Theophilus O. Ajiro

Publication Type: Journal article

Journal: The International Journal Of Humanities & Social Studies

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Abstract

The study investigated impact of monetary and fiscal policies in combating inflation in Nigeria from 1984 to 2014. Expost
facto research design was adopted for the study. Data used for the study were obtained from secondary source
mainly from Central Bank of Nigeria statistical bulletin. Two main econometrics analysis were used for the study:
ordinary least square method to study the relationship between monetary policy, fiscal policy and inflation, while
Johanson Juselius Co-integration Test was used to study the long run equilibrium among the variables.
The study concluded that probability of each variable shows that they are statistically significant which means monetary
and fiscal policies are both effective in tackling inflation in Nigeria. The study recommends that there should be proper
co-ordination between monetary and fiscal policies as this will enhance discipline in government spending, and at the
same time, will reduce inflationary pressure.

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AKINTOLA,A. OLUWALAIYE,O. Theophilus,O.A . (2020). Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014), 8 (), 137-137.

AKINTOLA,A. OLUWALAIYE,O. Theophilus,O.A . "Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014)" 8, no (), (2020): 137-137.

AKINTOLA,A. and OLUWALAIYE,O. and Theophilus,O.A and . (2020). Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014), 8 (), pp137-137.

AKINTOLAA, OLUWALAIYEO, TheophilusOA, . Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014). 2020, 8 ():137-137.

AKINTOLA,Abolade , OLUWALAIYE,Olusola , and Theophilus,O. Ajiro . "Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014)", 8 . (2020) : 137-137.

A.Abolade O.Olusola & T.O. Ajiro , "Impact of Monetary and Fiscal Policies in Combating Inflation in Nigeria (1984-2014)" vol.8, no., pp. 137-137, 2020.

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