Inflation accounting and control through monetary policy measures in Nigeria: Multi-regression analysis (1973-2010)
Citations
9 citations
Cites background from "Inflation accounting and control th..."
...Asuquo (2012) evaluated inflation accounting and control through monetary policy measures in Nigeria from 1973 to 2010....
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Cites methods from "Inflation accounting and control th..."
...Using multiple regression model and the ordinary least squares (OLS) estimation techniques with data spanning 1973- 2010, Asuquo (2012) showed that monetary variables including money supply, interest rate and exchange rate had significant impact on inflation in Nigeria....
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3 citations
Cites background or result from "Inflation accounting and control th..."
...In spite of the complications connected with productivity appraisal in the general segment, the benefits of productivity evaluation ought not to be bargain (Asuquo, 2012a)....
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...Anyanwu (1993; 1995), Asuquo (2012a), Asuquo and Effiong (2011) jointly emphasized that it is worthy to note that the national government uses the above enumerated micro-fiscal measures otherwise known as micro-economic variables control the economy in order to achieve the set macro-economic goals....
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...This result is in agreement with the findings made by Asuquo (2012b), which interconnected and linked prices rise ratio to economic growth and development that invariable are greatly influenced by the magnitude and quality of real national goods and services that are produced in the economy in a…...
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...It should be pointed out that the findings above are in agreement with the opinion and submissions made by Abraham (2019), Abdulahi, Aliero and Abdulahi (2012), Abdulahi (2015) and Asuquo (2012a)....
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...Consequently, its fiscal and monetary policies will all aim at providing a thriving economic environment that will in turn enhance productivity as argued by both Asuquo (2012a), and Wuse (2018)....
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3 citations
References
1,600 citations
609 citations
"Inflation accounting and control th..." refers background in this paper
...Friedman (1956) had argued that exchange rate instability is a manifestation of economic volatility....
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51 citations
"Inflation accounting and control th..." refers background in this paper
...There is a general consensus in literature that an inefficient payment system distorts the transmission mechanism of monetary policies even when the design and objectives are laudable (Nnanna, 2001)....
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...On the whole, the effectiveness of monetary policy to effectively control inflation depends on the operating economic environment, the institutional framework adopted and the choice and mix of the instruments used (Nnanna, 2001)....
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...Ojo, 2000 and Nnanna, 2001, all opined that empirical studies on inflation, growth and productivity, confirmed long term inverse relationship between inflation and growth....
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...Monetary policy also refers to a combination of measures designed to regulate the value, supply and cost of money in an economy, in consonance with the expected level of economic activity (Nnanna, 2001)....
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...Dualistic financial and product market: The informal sector in Nigeria account for about 30 per cent of GDP (Nnanna, 2001)....
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