| Description |
1 online resource (39 pages) |
| Series |
IMF working paper, 2227-8885 ; WP/04/97 |
|
IMF working paper ; WP/04/97.
|
| Contents |
""Contents""; ""I. INTRODUCTION""; ""II. A BRIEF HISTORY OF INFLATION IN NIGERIA: 1980�2003""; ""III. STYLIZED FACTS ON NIGERIA�S EXTERNAL DOMINANCE AND MONETARY TRANSMISSION""; ""IV. A WAY AHEAD FOR MONETARY POLICY IN NIGERIA?""; ""V. OPTING FOR PRICE STABILITY IN NIGERIA""; ""VI. OPERATIONALIZING PRICE STABILITY IN NIGERIA VIA A SIMPLE PLAN""; ""VII. THE HISTORICAL TAYLOR-RULE-IMPLIED PATH FOR NIGERIA""; ""VIII. CONCLUDING REMARKS AND POLICY IMPLICATIONS""; ""References"" |
| Summary |
This paper reviews the historical performance of monetary policy in Nigeria and discusses the relative merits of alternative monetary policy strategies that Nigeria could adopt in the future, once the many operational issues that today obstruct the conduct of monetary policy have been addressed. An analysis of external and fiscal dominance in Nigeria reveals that none of the candidate strategies is particularly appealing although, on various grounds, a long-run target for inflation combined with a free float seems to be the ultimate option. The paper shows how to design and operationalize such a regime in Nigeria when account is taken for the emerging market features of the economy |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
|
Print version record |
| Subject |
Inflation (Finance) -- Nigeria
|
|
Monetary policy -- Nigeria
|
|
Foreign exchange rates -- Nigeria
|
|
Foreign exchange rates
|
|
Inflation (Finance)
|
|
Monetary policy
|
|
Inflation
|
|
Nigeria
|
|
Nigeria
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Research Department, issuing body.
|
| ISBN |
1451897855 |
|
9781451897852 |
|
1281430498 |
|
9781281430496 |
|
9781451852059 |
|
1451852053 |
| ISSN |
2227-8885 |
|
