Different fiscal and monetary policies: Nigeria
Keywords:
Monetary Policy, Private consumption, Fiscal policy, Oil priceAbstract
This paper studied how different fiscal and monetary policies which is chosen by Nigerian government can change long-term consumption in Nigeria. Oil income is considered as one of the main source of income for government in this country so any variation in its price should be considered as a shock for the whole economy which will directly or indirectly influence daily life of people. After evaluating our data which cover years between 1985 and 2015, ordinary least square method (OLS) was applied for running our regression. It can be argued that government fiscal policies have a positive impact on long-term consumption
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