Against the backdrop of the move to an inflation targeting monetary policy framework beginning 2014 with consumer price index (CPI) inflation as the nominal anchor, this paper revisits monetary transmission dynamics. Rather than confining to the typical three equation New Keynesian model, this...

This study empirically evaluated the effect of monetary aggregates-M3 on the Nigerian Economy. Data were obtained from the Central Bank of Nigeria Statistical Bulletin for the periods of 2010 to 2019. The study employed the Ordinary Least Squares (OLS) regression technique for the analysis of...