Inflation and Demand for Money in Nigeria
Material type:
TextPublisher: Ibafo Economics 2019Edition: ADEDOKUN, Adeniyi JimmyDescription: viii,; 73pSubject(s): EconomicsSummary: This study examines the long-run relationship between inflation rate and real demand for money stability in Nigeria for the period from 1970-2018 inclusive. The study examines the effect on inflation demand for money and also examines the causal relationship between inflation and the demand for money. The study employs the Augmented Dickey Fuller and Fuller and Phillips-Peron tests for unit root, the Lag Length selection criteria, the cointegration test and the Granger causality tests based on TYDL approach. In estimating the specification models, extended specification were also presented.
This study examines the long-run relationship between inflation rate and real demand for money stability in Nigeria for the period from 1970-2018 inclusive. The study examines the effect on inflation demand for money and also examines the causal relationship between inflation and the demand for money. The study employs the Augmented Dickey Fuller and Fuller and Phillips-Peron tests for unit root, the Lag Length selection criteria, the cointegration test and the Granger causality tests based on TYDL approach. In estimating the specification models, extended specification were also presented.
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