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Effectiveness of Monetary and Fiscal Policy Measures in Controlling Inflation in Nigeria

This study analyzed the effectiveness of monetary and fiscal policy measures in controlling inflation in Nigeria from 1985 to 2024. In order to achieve the objectives of the study, the study utilized annual time series data which were obtained from the Central Bank of Nigeria Statistical Bulletin, World Development Indicators of the World Bank, and National Bureau of Statistics. Also, monetary policy was proxied by broad money supply, lending rate and monetary policy rate, while fiscal policy was proxied by government expenditure and government tax revenue while inflation was measured by infla…

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