DOES MONETARY POLICY STIMULATE MACROECONOMIC PERFORMANCE DURING ECONOMIC DOWNTURN IN NIGERIA?

Аннотация

This study investigates the effectiveness of monetary policy in stimulating macroeconomic performance during economic downturns in Nigeria. The research examines the relationship between monetary policy instruments, such as interest rates and money supply, and key macroeconomic variables, including GDP growth, inflation, and unemployment. The study utilizes empirical analysis based on time-series data from the Nigerian economy over a specific period. The findings provide insights into the efficacy of monetary policy measures in mitigating the adverse effects of economic downturns and promoting overall macroeconomic stability in Nigeria. ‎