Monetary Policy and Macroeconomic Instability in Nigeria : A Rational Expectation Approach

@inproceedings{Folawewo2005MonetaryPA,
  title={Monetary Policy and Macroeconomic Instability in Nigeria : A Rational Expectation Approach},
  author={Abiodun O. Folawewo and Tokunbo Simbowale Osinubi},
  year={2005}
}
Generally, both fiscal and monetary policies seek at achieving relative macroeconomic stability. Based on countries’ experience on the role of monetary policy in controlling economics instability, this study examines the efficacy of monetary policy in controlling inflation rate and exchange rate instability. The analysis performed is based on a rational expectation framework that incorporates the fiscal role of exchange rate. Using quarterly data spanning over 1980: 1 to 2000: 4, and applying… CONTINUE READING

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