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Bullion

Keywords

Monetary policy, Stagflation, Recession, Inflation, Exchange rate, Unemployment

Abstract

This article explore the rare and challenging economic problem faced by Nigeria refers to as stagflation. i.e. a condition characterized by the co-existence of declining growth rates along with high unemployment and inflation rates. These negative economic development have raised major concern for policy makers and other economic agents because of the adverse effects on investment, financial stability and livelihood.

Author Bio

Moses K.Tule is the Director, Monetary Policy Department at the Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

1

Volume

42

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