Dynamics of Money Supply and Inflation in Nigeria
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Date
2016
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Faculty of Management Sciences, Benue State University, Makurdi
Abstract
This paper provided quantitative analysis of the dynamics of money supply, deficit financing and inflation in Nigeria. Using secondary data, the findings of the bounds test reveal that the estimated equation and the series are co-integrated. The ARDL results suggested a long run positive relationship exists between deficit financing and inflation, and long run positive relationship exists between money supply and inflation, and show a significant relationship in the short...
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Keywords
Fiscal Deficit, AROL, Inflation, ARDL