International records / OpenAlex research

Money Supply and Price Stability: A Disaggregated Effect from Nigeria

Abstract The objective of this study was to examine the impact of money supply on price stability in Nigeria between the periods of 1990 and 2023. This study collected time series data from Central Bank of Nigeria statistical bulletin (2023). Price stability was modeled as the function of narrow money supply (M1), broad money supply (M2), broad money supply (M3) and quasi money. Auto regressive distributed lag was used to analyze the time series data collected. Findings revealed that both quasi money supply and price stability are moving in the same direction. that holding other independent va…