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Money Supply and Inflation Rate in Nigeria: The Missing Link

Conventionally and theoretically increase in money supply according to the quantity theory of money triggers a high inflation rate in developed and emerging economies. The reality in Nigeria contravenes the quantity theory of money. This study investigates the missing link in Nigeria from January 2010 to December 2018 by applying the Johansen co-integration, Granger causality tests and Vector Error Correction Model (VECM) on the monthly data. The findings indicated that money supply does not cause inflation. Inflation is caused by non-monetary factors of political instability, corruption, poor…

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Source	OpenAlex research
Collection	International records
Kind	Document
Publisher	Humanities and Social Sciences Letters
Date	2019-01-01
Type	article
Details	openalex authorships.countries:NG,primary topic.subfield.id:3320\|3321\|3308\|1202\|3303\|3312\|2002\|2000\|2003 + local /\bnige
Found at	https://doi.org/10.18488/journal.73.2019.73.156.166
Archived copy	Look it up in the Wayback Machine
Record ID	`openalex:W2969302610`

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Money Supply and Inflation Rate in Nigeria: The Missing Link. OpenAlex research, 2019. Vero Archive, record openalex:W2969302610.