Inflation, Budget Deficit and Money Supply in Nigeria: A New Outlook
| dc.contributor.author | Odeleye, A.T. | |
| dc.date.accessioned | 2023-04-27T12:57:47Z | |
| dc.date.available | 2023-04-27T12:57:47Z | |
| dc.date.issued | 2013 | |
| dc.description | Scholarly article | |
| dc.description.abstract | Nigeria, a developing country habitually, employs money supply as a way of augment government revenue. This study employed time series dataset, over the period 1980-2010, to investigate the nexus among money supply, budget deficit, interest rate, exchange rate and inflation in Nigeria. Empirical findings of the study showed that the relationship between inflation, budget deficit, interest rate and the lag one of inflation is negative while the relationship between inflation and exchange rate was positive. Also, inflation rate in the preceding period did have significant impact in the succeeding period. The policy implication of these was that since all the estimated variables are monetary phenomena, adequate monetary policy should be employed to balance the role that money supply plays in budget deficit, interest rate and consequently moderate inflation in stabilizing the economy. | |
| dc.identifier.citation | Odeleye, A.T. (2013). Inflation, Budget Deficit and Money Supply in Nigeria: A New Outlook. Babcock Journal of Economics, Banking and Finance, 2(1), 14-26. | |
| dc.identifier.issn | 2814-130X | |
| dc.identifier.uri | https://ir.unilag.edu.ng/handle/123456789/12307 | |
| dc.language.iso | en | |
| dc.publisher | Babcock Journal of Economics, Banking and Finance | |
| dc.relation.ispartofseries | Babcock Journal of Economics, Banking and Finance; 2(1) | |
| dc.title | Inflation, Budget Deficit and Money Supply in Nigeria: A New Outlook | |
| dc.type | Article |