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The Role of Monetary Policy in Addressing Economic Inequality in Nigeria

Ele, Linus Egwu, Orji Joseph Ognonna, Nwafor, Ifeanyi Nwankwo

Abstract

The focus of this study was to evaluate the role of monetary policy in addressing economic inequality in Nigeria. The specific objectives were to: examine the effect of private sector credit on economic inequality in Nigeria, evaluate the effect of bank lending rate on economic inequality in Nigeria, ascertain the effect of money supply on economic inequality in Nigeria, and determine the effect of exchange rate on economic inequality in Nigeria. The study adopted quantitative research using ex post facto design. The major findings of the study are: bank lending rate has a positive and significant effect on inequality, private sector credit showed a strong,...

References

Sanusi, A. R., & Usman, S. O. (2020). The Effect of Monetary Policy Instruments on Poverty in Nigeria. Journal of Research in Economics and International Finance, 9(1), 1-13. Tinbergen, J. (1952). On the theory of economic policy. Amsterdam: North-Holland Publishing Company. Wikipedia. (n.d.). Money supply. Retrieved from https://en.wikipedia.org/wiki/Money supply World Bank. (n.d.). Domestic credit to private sector (% of GDP). Retrieved from https://databank.worldbank.org/metadataglossary/world-development-indicators/series... (and more from the snippet)

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