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Indirect Monetary Policy Instruments and Poverty Reduction in Nigeria: An Empirical Evidence from Time Series Data

The paper examines the effectiveness of indirect monetary policy instruments in reducing poverty in Nigeria using a multiple regression model as well as time series data covering the period 1986 to 2012.The Ordinary Least Squares (OLS) technique was used in the estimation of the regression model.The OLS regression result revealed that interest rate (INTR), banking sector's credit to the economy (BSCE), bank reserve requirement (BARR), bank liquidity ratio (BLQR), central bank discount rate (CBDR) and inflation rate (INFR) could not significantly impact on poverty rate except money supply (MS),…

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