Evaluating the Relative Impact of Monetary and Fiscal Policy in Nigeria using the St. Louis Equation

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dc.contributor.authorAjayi, Michael Adebayo
dc.contributor.authorOlufemi, Adewale Aluko
dc.date.accessioned2021-03-02T10:53:09Z
dc.date.available2021-03-02T10:53:09Z
dc.date.issued2017
dc.description.abstractThe controversy existing on the efficacy of monetary and fiscal policy to influence the economy is unending. This study evaluates the relative impact of monetary and fiscal policy in Nigeria from 1986 to 2014 using a modified St. Louis equation. Employing the Ordinary Least Squares estimation method, this study reveals that growth in money supply and export have a positive and significant effect on growth in output of the economy while growth in government expenditure has a negative and insignificant effect. This study provides evidence that monetary policy has a greater growth-stimulating effect on the economy than fiscal policy. It recommends that monetary policy rather than fiscal policy should be relied upon by the Nigerian government as an economic stabilisation tool.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4401
dc.language.isoenen_US
dc.publisherFaculty of Economic Sciences of the Danubius University, Romaniaen_US
dc.relation.ispartofseries13;1
dc.subjectMonetary policyen_US
dc.subjectFiscal policyen_US
dc.subjectSt. Louis equationen_US
dc.subjectNigeriaen_US
dc.titleEvaluating the Relative Impact of Monetary and Fiscal Policy in Nigeria using the St. Louis Equationen_US
dc.typeArticleen_US

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