Work

Structural Breaks, Demand for Money and Monetary Policy in Nigeria **

Year: 2011

Type: article

Abstract: The paper estimates an endogenous structural break date of the money demand for Nigeria for the period 1960-2008.Using the Gregory and Hansen procedure, an endogenous break date of 1994 was estimated for the cointegrating equation of the demand for money.The study also joins previous ones to affi rm a stable money demand function for Nigeria.In addition, it was established that the Central Bank of Nigeria has effectively used money supply as an instrument of monetary policy.

Source: University of Zagreb University Computing Centre (SRCE)

Author: Douglason G. Omotor

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2187609903

FWCI: 4.505

Cites: 29

Cited by: 17

Related to: 10