The dominant channels of monetary policy transmission in Nigeria: an empirical investigation.

Authors

Mbutor O. Mbutor, Central Bank of Nigeria

Publisher

Central Bank of Nigeria

Keywords

Dominant channel, Transmission mechanism, Monetary policy

Abstract

The paper aims at identifying the dominant channels of monetary policy transmission in Nigeria. The standard vector autoregressive methodology was adopted. The inferences from the study shows that the lending rate provides the strongest nexus for the propagation of monetary policy impulses in Nigeria.

Author Bio

The author is Senior Economist with the Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review

Issue

1

Volume

47

Recommended Citation

Mbutor, M. O. (2009). The dominant channels of monetary policy transmission in Nigeria: an empirical investigation. CBN Economic and Financial Review, 47(1), 45-68.