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Bullion

Keywords

Economic recession, Economic recovery, Monetary policy

Abstract

This article examines the causes and effect of economic recession, highlights the role of monetary policy in economic recovery from a recession and proposes appropriate policy options to address the menace of recession with a view to promote economic recovery. Following the introduction, section 2 addresses the definition, causes, features and brief history, section 3 discuss recent economic recession in Nigeria, section 4 highlights the role of monetary policy and section 5 concludes the paper.

Author Bio

The author is a staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

1

Volume

42

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