THE EFFECTIVENESS OF FISCAL & MONETARY POLICIES IN CONTROLLING INFLATION ABSTRACT
The purpose of this project is to evaluate the Effect of
Monetary and Fiscal Policies in checking the causes of Inflationary trends in
the Economy.
Before the advent of fiscal and monetary policies, inflation
has been regarded as a nation’s scourage, which tried to parlayed economic
activities in the economy. this persistent inflationary increase in the country
gave impetus for the launching of these two policies as a good weapon to check
the negative tendencies of inflation.
This work however considers briefly some of the various
instruments used in monetary and fiscal policies to curb this problems. It also
examiners the extent of compliance of various income earner (fixed income
earners and businessmen) and even the government towards these policies. The
research work is divided into five sections. The introduction, the literature
review, the research methodology, discussion of findings, summary, conclusion
and recommendation. It is therefore, a comprehensive and balance supplement to
augment the effort of previous writers in the field. It is valuable to readers
and future writers.
TABLE OF CONTENTS
Title page
i
Approval page
ii
Dedication
iii
Acknowledgement
iv
Abstract
v
Table of Contents
vi
CHAPTER ONE
INTRODUCTION
General Overview of the Study 1
Statement of the Problems 3
Objectives of the Study 4
Significance of the Research 5
Limitations of the Study 5
Research Methodology 6
Definition of Terms
7
Scope of the Study
10
CHAPTER TWO
LITERATURE REVIEW
2.1 Definition of
Inflation
12
2.2 Causes of
Inflation in Nigeria
13
2.3 Types of
Inflation 16
2.4 Effect of
Inflation 17
2.5 Measures Taken
to Control Inflation
19
2.6 Concepts of
Monetary Policy
20
2.7 Objectives of
Monetary Policy
22
2.8 Monetary Policy
Control Measures 24.
CHAPTER THREE
RESEARCH METHODOLOGY
Research Design
28
Samples Size/ Population
28
Sources of Data 29
Data Analysis Techniques 31
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
Data Presentation
33
Data Analysis
34
CHAPTER FIVE
SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
Summary
44
Conclusion 45
Recommendation
46
Bibliography
48
CHAPTER ONE
INTRODUCTION
1.1 GENERAL OVER VIEW OF THE STUDY
In general monetary policy refers to the combination of
matures designed to regulate the value, supply and cost of money in all
company, in consonance with the level of economic activity. And excess supply
of money which will result in an
demanded for goods and services will cause rising price and / or a
deterioration of the balance of payment position. On the other hand, an
inadequate supply of money could in due stagnation in the economy and there by
retained growth and development-
Consequently, the central bank or the central monetary
authority must attempt to keep the money supply growing at an appropriate rate
to ensure sustainable economic growth and to maintain internal and external
stability.
The discretionary control of the money stock by the central
monetary authority, thus, involves the expansion or contraction of money
influencing interest rates to make money influencing interest rates o make
money cheaper or more expensive depending on the prevailing economic conditions
and the channeling of money to priority sectors.
In a nutshell, the aims of monetary policy are basically to
control inflation, maintain a healthy balance of payments position for the
country in order to safeguard the external
values of the national currency and
promote an adequate an sustainable level of economic growth and
development. The techniques by which the monetary authority tries to achieve
the above objectives can be classified normally its two categories, the direct
or portfolio control approach and indirect or market intervention.
In another development fiscal policy has its own measures,
which aid in checking the causes of inflation in the economy. Such as the use
of fiscal policy as a means of increasing economic activities and the use of
fiscal policy as means of reducing economic activities, however, the researcher
expatiates more of monetary policy due to its direct relationship towards
inflationary tred.
A Research proposal for the effectiveness of fiscal & monetary policies in controlling inflation:
Reviews: A Review on the effectiveness of fiscal & monetary policies in controlling inflation, effectiveness, fiscal, monetary project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The purpose of this project is to evaluate the Effect of Monetary and Fiscal Policies in checking the causes of Inflationary trends in the Economy.
Before the advent of fiscal and monetary policies, inflation has been regarded as a nation’s scourage, which tried to parlayed economic activities in the economy. this persistent inflationary increase in the country gave impetus for the launching of these two policies as a good weapon to check the negative tendencies of inflation.
This work however considers briefly some of the various instruments used in monetary and fiscal policies to curb this problems. It also examiners the extent of compliance of various income earner (fixed income earners and businessmen) and even the government towards these policies. The research work is divided into five sections. The introduction, the literature review, the research methodology, discussion of findings, summary, conclusion and recommendation. It is therefore, a comprehensive and balance supplement to augment the effort of previous writers in the field. It is valuable to readers and future writers... accounting project topics
THE EFFECTIVENESS OF FISCAL & MONETARY POLICIES IN CONTROLLING INFLATION