Social Sciences

Impact of Monetary Policy on GDP

Bachelors Degree

The research work deals with the impact of monetary policy on economic growth in Nigeria. This research work covers the period between 1980-2016. The data used is a secondary data, which was obtained from the publication of Central Bank of Nigeria statistical bulletin and the annual reports of accounts.

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The research work deals with the impact of monetary policy on economic growth in Nigeria. This research work covers the period between 1980-2016. The data used is a secondary data, which was obtained from the publication of central bank of Nigeria statistical bulletin and the annual reports of accounts.

The analytical tools employed in this research include testing and regression analysis.

The monetary policy implementations in the economy over the past years were detrimental to and inconsistent with the development needs of the economy. This concern has exerted pressures on the view to finding possible solutions. As a result of this, the structural adjustment program was introduced in the economy and to liberalized the financial system. According to Anyanwu (1993), monetary policy is a major economic stabilization weapon which involves measures designed to regulate and control the volume, cost, availability and direction of money and credit in an economy to achieve macroeconomic objectives or goals.

The problem lies in making use of a policy that will solve the economic problems instead of the economy to have low-level 1of investment, income and also the level of demand and supply will reduce.

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