Impact of Monetary Policy Instrument on Unemployment in Nigeria

ABSTRACT

This study was undertaken to ascertain the impact of monetary policy on unemployment in Nigeria. This research is being carried out to determine the overall impact of monetary policy on unemployment. In this study, we empirically determined the impact of selected monetary policies on unemployment in Nigeria from 1980 – 2015. The specific objectives of this study are to determine the impact of selected monetary policy on unemployment in Nigeria, to determine if there is a long run relationship between monetary policy and unemployment. From our findings, there exist a positive but insignificant relationship between monetary policy rate and unemployment rate. It will educate the public on various Government policies as related to Monetary and Unemployment.