The Dynamic Causality between Money and Macroeconomic Activity: Empirical Evidence from Nigeria (1960-2011)
2022-10-08
This paper examines the dynamic causality between money and macroeconomic activities (output, interest rate, exchange rate and prices) in Nigeria between 1960 and 2011. The methodologies applied include the multivariate cointegration test developed by Johansen (1988) and Johansen and Juselius (1990), the Granger causality test in vector error correction modelContinue Reading