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The Effect of Macro Economic Policy on Nigerian Economics Growth and Development

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The Effect of Macro Economic Policy on Nigerian Economics Growth and Development
THE EFFECT OF MACRO ECONOMIC POLICY ON NIGERIAN ECONOMICS GROWTH AND DEVELOPMENT

ABSTRACT

This research work focus on the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy, also to determine how it enhances the growth of Nigerian Economy.
The aim of this research work is to look into challenges and numbers of hypothesis were drawn. Information necessary to address the test of hypothesis was gathered through secondary data, source from Central Bank of Nigeria (CBN).
Economic analysis was used to formulate the three (3) models that were stated in this research work. Multiple regressions were also used to test the appraisal of Macroeconomic Policy on Inflation in Nigerian Economy.

The findings of this research show that macro-economic policy as a tool for Economic Policy and Growth as a Positive Effect on the Growth in Nigeria.
In conclusion, government should ensure that operational problems are tackled prior to sale so that there would not be any barrier hindering the high degree of efficiency that is associated with the stability of the Nigerian economy.

TABLE OF CONTENTS Pages
Title page i
Certification ii
Dedication iii
Acknowledgement iv Abstract vi
Table of Contents vii
CHAPTER ONE:
1.1 Introduction 1
1.2 Statement of Problems 4
1.3 Objective of the Study 4
1.4 Research Questions 5
1.5 The Statement of Hypothesis 5
1.6 Research Methodology 6
1.7 Significance of the Study 6
1.8 The Scope and Limitation of Study 6
1.9 Organisation of the Study 8
1.10 Definition of Terms 8
CHAPTER TWO:
Literature Review
2.1 Meaning and Objectives of fiscal and monetary policy 10
2.2 Issues in Fiscal and Monetary Policies 15
2.3 Keynes Debate on Monetary and Fiscal Policies 18
2.4 The Impact of Monetary and Fiscal Policies on the Nigerian Economy 21
CHAPTER THREE:
Theoretical Framework
3.1 The Theories of

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    References: Allsopp, C., and D. Vines (2000) The Assessment: Macroeconomic Policy. Oxford Review of Economic Policy 16:4, 1–32. Bilquees, F. (1988) Inflation in Pakistan: Empirical Evidence on the Monetarist and Structuralist Hypotheses. The Pakistan Development Review 27:2, 109–130. Blejer, M. I., A. Ize, A. M. Leone, and S. Werlang (2000) Inflation Targeting in Practice: Strategic and Operational Issues and Application to Emerging Economies. International Monetary Fund. Bordo, M. D., and L. Jonung (1990) The Long Run Behavior of Velocity: The Institutional Approach. Journal of Policy Modeling 12:2, 165–197. Cecchetti, S. G. (2000) Making Monetary Policy: Objectives and Rules. Oxford Review of Economic Policy 16:4, 43–59. Dwyer, G. P., and R. W. Hafer (1999) Are Money Growth and Inflation Still Related? Federal Reserve Bank of Atlanta Economic Review Second October, 32–43. Friedman, M. (1963) Inflation: Causes and Consequences. New York: Asia Publishing House. Friedman, M., and A. J. Schwartz (1982) Monetary Trends in the United States and the United Kingdom: their Relation to Income, Prices, and Interest Rates, 1867-1975. The University of Chicago Press. Goodfriend, M. (2000) Maintaining Low Inflation: Rationale and Reality. In Blejer, et al. (eds.) Inflation Targeting in Practice: Strategic and Operational Issues and Application to Emerging Economies. International Monetary Fund. Gordon, R. J. (1985) The Conduct of Domestic Monetary Policy. In Endo, et al. (eds.) Monetary Policy in Our Times. London: The MIT Press. Hasan, A. M., A. H. Khan, H. A. Pasha, and A. Rasheed (1995) What Explains the Current High Rate of Inflation in Pakistan. The Pakistan Development Review 34:4, 927–947. Hodrick, R. J., and E. C. Prescort (1997) Post-war US Business Cycles: An Empirical Investigation. Journal of Money, Credit and Banking 29, 1–16. Hossain, A. (1986) Monetary Disequilibrium and Inflation: a monetary Model of Inflation in Pakistan. The Pakistan Development Review 25:2, 141–162.…

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