THE IMPACT OF MONETARY POLICY IN CONTROLLING INFLATION IN NIGERIA

ABSTRACT This extended essay examine the Impact of monetary policy in controlling  inflation. The ways of combating inflation  identified were through monetary policy open market operation (OMO), moral suation, minimum requirement, interest rate cash reserve requirement (CRR) liquidity ratio etc and fiscal policy approach-taxes, government expenditure and borrowing. The essay however discovers that combating inflation using either the monetary or fiscal policy approach is highly uncertain. The result may vary tremdously according to the level of economic development in a country among other factors.   TABLE OF CONTENTS Title page-----------i Declaration---------ii Approval page----------iii Dedication---------iv Acknowledgement--------v Abstract----------vi Table of content--------vii CHAPTER ONE 1.0Introduction--------1 1.1Background of the Study ------2 1.2Objectives of the study 1.3Significance of the study-----6 1.4Scope of the study ----7 1.5Limitation 1.6Definition of terms-----8
CHAPTER TWO Literature review--------12 2.0Introduction 2.1Review of trend of though----14 2.2Models/Theories or relevant concept 2.3Current literature 2.4Monetary policy instrument in curbing inflation 2.5Summary 
CHAPTER THREE 3.0Introduction 5.1Summum 5.2Conclusion  5.3Recommandations  References