European Parliament Library

Achieving and Maintaining Price Stability in Nigeria, Nicoletta Batini

Abstract
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
Table Of 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""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613780393

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