THE IMPACT OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

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ABSTRACT

This extended essay examine the Impact of monetary policy in controlling inflation. The ways of combating inflation identified were through monetary policy open market operation (OMO), moral suation, minimum requirement, interest rate cash reserve requirement (CRR) liquidity ratio etc and fiscal policy approach-taxes, government expenditure and borrowing. The essay however discovers that combating inflation using either the monetary or fiscal policy approach is highly uncertain. The result may vary tremdously according to the level of economic development in a

country among other factors.

TABLE OF CONTENTS

Title page-----------i

Declaration---------ii

Approval page----------iii

Dedication---------iv

Acknowledgement--------v

Abstract----------vi

Table of content--------vii

CHAPTER ONE

1.0Introduction--------1

1.1Background of the Study ------2

1.2Objectives of the study

1.3Significance of the study-----6

1.4Scope of the study ----7

1.5Limitation

1.6Definition of terms-----8

CHAPTER TWO

Literature review--------12

2.0Introduction

2.1Review of trend of though----14

2.2Models/Theories or relevant concept

2.3Current literature

2.4Monetary policy instrument in curbing inflation

2.5Summary

CHAPTER THREE

3.0Introduction

5.1Summum

5.2Conclusion

5.3Recommandations

References

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THE IMPACT OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

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