International records / OpenAlex research

Monetary Policy Transmission Channels and Economic Growth in Nigeria

This study empirically analyzes monetary policy transmission channels and economic growth in Nigeria using the vector auto regression model. Time series data were used for the period of 56 years (1960 to 2016) and sourced from the Central Bank of Nigeria statistical bulletin for various issues. The analyses show a good number of findings. Firstly, the unit root test results shows that all the variables of transmission channels are non-stationary at level, but appear stationary at first difference. Hence, the series are all integrated of order I (1). This of course authorized the study to proce…