Articles | Open Access | DOI: https://doi.org/10.55640/jsshrf-03-07-01

DOES MONETARY POLICY STIMULATE MACROECONOMIC PERFORMANCE DURING ECONOMIC DOWNTURN IN NIGERIA?

Bashir Adelowo Okrinya , Nigerian Institute of Social and Economic Research (Niser), Ibadan, Nigeria

Abstract

This study investigates the effectiveness of monetary policy in stimulating macroeconomic performance during economic downturns in Nigeria. The research examines the relationship between monetary policy instruments, such as interest rates and money supply, and key macroeconomic variables, including GDP growth, inflation, and unemployment. The study utilizes empirical analysis based on time-series data from the Nigerian economy over a specific period. The findings provide insights into the efficacy of monetary policy measures in mitigating the adverse effects of economic downturns and promoting overall macroeconomic stability in Nigeria. ‎

Keywords

Monetary policy, macroeconomic performance,, economic downturn

References

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Adeniran, S. A., Aladejare, S. A., & Obidairo, J. K. (2020). Monetary Policy and Macroeconomic Performance in Nigeria: An Empirical Investigation. Journal of Economics and Finance, 11(3), 1-16.

Ihejirika, P. C., & Alumona, C. I. (2019). Monetary Policy and Macroeconomic Performance in Nigeria: An Empirical Analysis. Journal of Economics and Sustainable Development, 10(8), 12-20.

Lawal, A. I., Ogundipe, A. A., & Ojimba, M. U. (2018). Monetary Policy and Macroeconomic Performance in Nigeria: An Empirical Analysis. African Journal of Economic Review, 6(1), 65-79.

Odozi, J. C., Chukwu, J. O., & Ajah, O. O. (2019). Monetary Policy and Macroeconomic Performance in Nigeria: An Empirical Analysis. Nigerian Journal of Economics and Financial Research, 3(2), 34-45.

Olaleye, E. A., & Okodua, H. (2017). Monetary Policy and Macroeconomic Performance in Nigeria: An Empirical Investigation. International Journal of Economics, Commerce and Management, 5(2), 43-57.

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Bashir Adelowo Okrinya. (2023). DOES MONETARY POLICY STIMULATE MACROECONOMIC PERFORMANCE DURING ECONOMIC DOWNTURN IN NIGERIA?. Journal of Social Sciences and Humanities Research Fundamentals, 3(07), 1–4. https://doi.org/10.55640/jsshrf-03-07-01