International records / OpenAlex research

Monetary Policy Dynamics and Output Growth in Nigeria 1980 to 2023

This study investigated the influence of monetary policy dynamics on output growth using the Nigerian economy as the geography of interest. Covering the period 1980 to 2023, the study used monetary policy rate and money supply as proxies for monetary policy and gross domestic product growth rate as measurement for output growth. This study used relevant econometric and analytical technique, particularly the Autoregressive Distributed Lag Model (ARDL) which measures short-run and long-run elasticities simultaneously. Findings arising from the study indicate that monetary policy rate (MPR) and m…