Macroeconomic trillema, Monetary policy, Nigeria, Macroeconomic


The paper explores how the macroeconomic trilemma influences monetary Policy choices and action in practical terms. Section 1 is the introduction, section 2 examines in greater details key conceptual issues. After it a review of the historical epochs of the trilemma, followed by contemporary country experiences in managing the trilemma. Section five examines the challenges of the trilemma in Nigeria while the last section concludes the paper.

Author Bio

The author is the Director, Monetary Policy Department of the Central Bank of Nigeria.

Publication Title

CBN Bullion


2 - 4



Included in

Economics Commons



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