Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
An Empirical Analysis of the Transparency of Monetary Policy in Nigeria

An Empirical Analysis of the Transparency of Monetary Policy in Nigeria

 

Abstract: This paper investigates monetary policy transparency at the Central Bank of Nigeria (CBN) using the index of Central Bank transparency developed by Eijiffinger and Geraats (2006) and used by Malik and Din (2008) in their measurement of the monetary policy transparency of the State Bank of Pakistan. The results show strong performance in political transparency linked to recent institutional changes such as prompt announcement and clarity about the operational targets of policy and, about the future directions of policy. However, overall performance is weakened by performance in economic transparency linked to lack of timeliness in the dissemination of economic data relevant for monetary policy analysis and the non disclosure of the formal macroeconomic model (s) used for policy analysis. The paper thus, recommends time lines in the dissemination of a comprehensive set of economic data relevant to effective monetary policy and, the publication of economic models deployed by the Central Bank.

Price: N100.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


NES 2021 PhD THESIS PRIZE AWARD WINNERS

Winners of the 2021 NES PhD Thesis Award Prize in Economics. 1st Prize - Shitile, Tersoo Shimonka...read more


Vacancy! Vacancy!! Vacancy!!!

The Nigerian Economic Society (NES) is looking for a highly qualified candidate who will fill the fo...read more


2021 Annual Conference Call for Nominations into the New Executive Council of the Nigerian Economic Society (NES)

At the Business Session of the 2021 Annual Conference of the NES which comes up in October 2021 both...read more


NES 2021 PhD THESIS PRIZE AWARD: Call for Submissions

NES PhD THESIS PRIZE AWARD: Call for Submissions The Executive Council of the Nigerian Economic So...read more


E-Mail Subscription

VoguePayVisaMasterCard