ABSTRACTThe earnest expectation of every economy over the year has been to attain the highest possible level of economic growth and development. This research work is on the ‘’Impact of Monetary Policy on Economic growth in Nigeria’’ between the period of thirty years (30) covered from 1980-2010. The Impact of monetary policy in an economy has been a continuous discussion in every economy especially developing economics which will give rise to economic growth and development of a nation. In carrying out this research, Secondary data was used on PC Give 8.00 version package to regress the model with GDP as the dependent variable, and money supply, inflation rate, liquidity ratio and interest rate as independent variables. The model explained that the impact of monetary policy on economic growth is statistically significant, through the signs obtained from its prior expectation is positively related to GDP but does not hold strong enough. Money Supply has a positive relationship and also significant impact on the economy. Inflation has a negative relationship, while the interest rate and liquidity ratio is positively significance on impact of economic growth. R-Squared show 73% increase on the GDP. It is therefore recommended that some effective policies are to be made in constraints to the in effectiveness of past monetary policies which should be eliminated.
TABLE OF CONTENTSTitle Page -------------------------------------------------------------------i
Approval Page --------------------------------------------------------------ii
Dedication -------------------------------------------------------------------iii
Acknowledgement ---------------------------------------------------------iv
Table of Content -----------------------------------------------------------v
Abstract ---------------------------------------------------------------------vi
CHAPTER ONE INTRODUCTION
1.1 Background Of The Study
1.2 Statement Of The Problem
1.3 Objectives Of The Study
1.4 Hypothesis
1.5 Significance Of The Study
1.6 Limitations Of The Study
1.7 Scope Of The Study
CHAPTER TWO LITERATURE REVIEW AND THEORETICAL FRAMWORK
2.0 Review of Related Literature
2.1 Review of the Theoretical Literature
2.3 Meaning of Monetary Policy
2.4 Objectives of Monetary Policy
2.5 Monetary Policy Target in Nigeria
2.6 Operation of Monetary Policy
2.7 Factor Affecting Monetary Policy Manipulation in Controlling
Economic Activities
2.8 Monetary Policy as Controlling Measures of Economic Activities
2.9 An Assessment of the Extent of the Implementation of Monetary
Policies Measure
CHAPTER THREE METHODOLOGY
3.0 measures for Monetary Policy Modification
3.1 Limitation of Previous Study
3.2 Model Specification
3.3 Method of Evaluation
3.4 Justification of the Model
3.5 Data Required and Sources
3.6 Analysis and Estimation of result
3.7 Units Root Test
3.8 Co integration Test
3.9 Presentation of Regression result
CHAPTER FOUR PRESENTATION AND ANALYSIS OF RESULT
4.0 Interpretation of result
4.1 Economic a Prior Condition
4.2 Statistical test Criteria (First Order Test)
4.3 Economic Test (Second Order Test)
CHAPTER FIVE SUMMARY, CONCLUSION AN POLICY RECOMMENDATION
5.1 Summary
5.2 Recommendations and policy options
5.3 Conclusion
5.4 Bibliography
5.5 Journals
5.6 Appendix.
