期刊名称：Arabian Journal of Business and Management Review
电子版ISSN：2223-5833
出版年度：2012
卷号：1
期号：12
出版社：Sohar University, Oman and American University of Kuwait
摘要：This paper uses post independence quarterly data to examine the validity of two long-run neutrality Propositions in Nigeria. over all, there is qualified evidence that suggests the existence of long-run monetary neutrality and evidence that refutes the existence of the long-run fisher relation between prices and interest rates. The evidence on long-run monetary neutrality is qualified because it holds under the assumptions of contemporaneous money exogniety and contemporaneous monetary neutrality. As a consequence, our results inform our deductions about the ineffectiveness of the monetarist anti-inflationary, prescriptions for managing the macroeconomy of a developing country like Nigeria. Pursuing a synchronized and coordinated fiscal monetary policies framework is likely to yield the desired results on real economic variables.
