Evaluation Of Monetary Policy Measures On Nigerian Economic Growth (196-2005).

ABSTRACT

Monetary policy is a key tool in economic management and in macroeconomic stabilization and adjustment process in developing countries like Nigeria, where non-inflationary growth and international competitiveness have been major policy target. Okafor (1992) is of the view that monetary policy measures are designed to influence income and spending through the manipulation of money stock and money flows, access to credit and of the cost founds. Itume (1993) submitted, thus, monetary policy formulation and implementation thus, influences macro economic variable (Hence, macro economic stability) in any economy be it developed or underdeveloped.