MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS
📄 Project Abstract
The study examined the validity of Friedman's hypothesis and subjected to test the stability of money demand function in Nigeria over the period of 1970-2006 using the Nigerian time series data. The study applied the Granger causality test and the Distributed Lag Model (DLM) to estimate two distinct equations, while the CUSUM and CUSUM Squares test procedure was used to examine the stability of money demand function. As a matter of necessity, we subjected our variables to time series econometric tests using the Augmented Dickey Fuller (ADF) unit root test for stationary and Engle Granger co-integration procedure. The empirical result showed that there is a unidirectional causality from money supply to inflation and no feedback effect. This finding indicates that inflation truly is a monetary phenomenon and validates the monetarist stance. Hence, there is an existence of Friedman's hypothesis in Nigeria. However, the study also revealed that there is no long run relationship between mon...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS
Full Citation:
John K. Chime. (). MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS. African and General Studies, 40, 14858.
Citation Formats:
APA
John K. Chime. (). MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS. African and General Studies, 40, 14858.
MLA
John K. Chime. "MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS." African and General Studies, vol. 40, , pp. 14858.
Chicago
John K. Chime. "MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS." African and General Studies 40 (): 14858.
Full Citation:
John K. Chime. (). MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS. African and General Studies, 40, 14858.
Citation Formats:
APA
John K. Chime. (). MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS. African and General Studies, 40, 14858.
MLA
John K. Chime. "MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS." African and General Studies, vol. 40, , pp. 14858.
Chicago
John K. Chime. "MONEY SUPPLY AND INFLATION DYNAMICS APPRAISAL OF MILTON FRIEDMAN'S HYPOTHESIS." African and General Studies 40 (): 14858.
Document Details
| Author | John K. Chime |
|---|---|
| 📁 Field | Economics Project Topics |
| 🏷️ Type | Social Sciences project topics |
| Pages | 77 Pages |
| Words | 17220 words |
| 📘 Chapters | 1 to 5 Chapters |