Effect of Monetary Policy in Nigeria

5948 Words Mar 20th, 2012 24 Pages

CHAPTER ONE: INTRODUCTION 1.1 Background of the study 1.2 Statement of the problem 1.3 Objectives of the study 1.4 Research Question 1.5 Research Hypothesis 1.6 Significance of the study 1.7 Scope of the study 1.8 Organization of the study 1.9 Definition of terms.

CHAPTER TWO: LITERATURE REVIEW 2.1 Theoretical framework 2.2 Concept of monetary policy 2.3 Instrument of monetary policy 2.4 Monetary policy and inflation control 2.5 Problems associated with inflation control

CHAPTER THREE: RESEARCH METHODOLOGY 3.1 Research Design 3.2 Sources of data collection 3.3 Method of Data collection 3.4 Technique of Data
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The direct monetary control measures used after the deregulation era were adopted, yet the effectiveness of these various control approaches has been undermined by some inherent problems.

Relative price stability is one of the main goals of monetary policy. Stable price level should be able to stimulate economic growth and development. It is in recognition of this that government at all times design appropriate measures as well as monetary institution with authority to formulate and implement policies aim at maintaining stable price level so as to achieve set macroeconomic objectives. The central bank of Nigeria is the apex monetary authority that formulates and implements monetary policy in Nigeria aim at achieving stable price. Given the number of years the central bank had been in existence and of numerous monetary policy measures, one will expect that domestic price could have been relatively stable. However, inflation has continued recently to be a leading topic in Nigeria families and press as its effect penetrate more deeply into the nations despite monetary policy measure by the relevant monetary authorities hence the need of this study of determine the effect of monetary policy on the control of inflation in Nigeria.

The basic objectives of this study is to…

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