International records / OpenAlex research

Money Supply and Economic Growth

This study investigates the impact of key monetary policy variables on economic growth in Nigeria from 1982 to 2023, a period characterized by recurring inflationary pressures, exchange-rate instability, monetary regime shifts, and persistent macroeconomic imbalances. Against the backdrop of Nigeria’s long-standing struggle to achieve stable and sustainable output growth despite extensive monetary interventions, the research examines the distinct effects of broad money supply (M2), inflation rate (INFR), and interest rate (INTR) on real GDP growth. Employing an ex-post facto research design an…