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Inflationary Expectations and Monetary Adjustment in Nigeria

Author

Listed:
  • M. A. SHAHI

    (Ahmadu Bello University, Zaria (Nigeria).)

  • I. H. SHEIKH

    (Ahmadu Bello University, Zaria (Nigeria).)

Abstract

Short-run money demand functions are estimated and elasticities of price expectations and real cash balance adjustment are determined. By examining the hypothesis that inflation in Nigeria is self-generating, the study concludes that explanations for the rise in price level should be sought in factors other than money supply alone.

Suggested Citation

  • M. A. Shahi & I. H. Sheikh, 1979. "Inflationary Expectations and Monetary Adjustment in Nigeria," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 18(4), pages 333-339.
    • Handle: RePEc:pid:journl:v:18:y:1979:i:4:p:333-339
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    File URL: http://www.pide.org.pk/pdf/PDR/1979/Volume4/333-339.pdf
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    References listed on IDEAS

    as
    1. Allan Hynes, 1967. "The Demand for Money and Monetary Adjustments in Chile," Review of Economic Studies, Oxford University Press, vol. 34(3), pages 285-293.
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