Inflation Targeting Monetary Policy Rule in Nigeria: Estimates of the Policy Reaction Function

Tolulope, Apanisile Olumuyiwa; Ajilore, Taiwo

doi:10.5539/ijef.v5n7p139

Cited by 6 publications

(3 citation statements)

References 12 publications

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“…Rather than relying on inflation targeting, Nigeria will place a greater focus on open market operations and reserve requirements (Tolulope andAjilore 2013, Migap 2011). Moreover, these studies predict that transaction costs will fall in Nigeria as a result of removing the central bank's monopoly in issuing currency, as it allows for competition in the financial sector.…”

Section: The Impact Of E-banking On Monetary Policymentioning

confidence: 99%

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2021

AJTE

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ATINER is an Athens-based World Association of Academics and Researchers based in Athens.ATINER is an independent and non-profit Association with a Mission to become a forum where Academics and Researchers from all over the world can meet in Athens, exchange ideas on their research and discuss future developments in their disciplines, as well as engage with professionals from other fields. Athens was chosen because of its long history of academic gatherings, which go back thousands of years to Plato"s Academy and Aristotle"s Lyceum. Both these historic places are within walking distance from ATINER"s downtown offices. Since antiquity, Athens was an open city. In the words of Pericles, Athens"…is open to the world, we never expel a foreigner from learning or seeing". ("Pericles" Funeral Oration", in Thucydides, The History of the Peloponnesian War). It is ATINER"s mission to revive the glory of Ancient Athens by inviting the World Academic Community to the city, to learn from each other in an environment of freedom and respect for other people"s opinions and beliefs. After all, the free expression of one"s opinion formed the basis for the development of democracy, and Athens was its cradle. As it turned out, the Golden Age of Athens was in fact, the Golden Age of the Western Civilization. Education and (Re)searching for the "truth" are the pillars of any free (democratic) society. This is the reason why Education and Research are the two core words in ATINER"s name.

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Section: The Impact Of E-banking On Monetary Policymentioning

confidence: 99%

Untitled

2021

AJTE

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“…The result show that implementation of monetary policy function was effectively done in order to achieve price stability in the economy. The paper concludes by stating that that Nigeria's monetary policy needed to be followed by contractionary fiscal policy so as to be able to achieve the objective of price stability [6].…”

Section: Literature Reviewmentioning

confidence: 99%

“…This calls for concern that inflation targeting should take full considerations of fiscal actions if the target is to be achieved. No wonder it is opined that monetary policy in Nigeria needed to be supported by contractionary fiscal policy if the desired objectives are to be achieved [6].…”

Section: Introductionmentioning

confidence: 99%