Remittances inflows and monetary policy in Nigeria

Authors

  • Augustine C. Osigwe Federal University, Ndufu-Alike, Ikwo Author

Keywords:

Remittance Inflows, Monetary Policy, Socio-economic prospects, Macroeconomic variables

Abstract

This study examined the relationship and causality between remittances inflows and monetary policy aggregates, interest rate, and the domestic price level in Nigeria. The Johansen co-integration and the Granger causality tests techniques were employed. The co-integration test results showed evidence of long run relationship among the variables. The causality test results revealed a unidirectional causality running from money supply (LM2) to remittances (LREM) only at lag one. Unidirectional causality run from interest rate (INT) to LREM, occurring from lag one to lag three. There was no evidence of causality in any direction between inflation rate (INF) and LREM

Author Biography

  • Augustine C. Osigwe, Federal University, Ndufu-Alike, Ikwo

    Ph.D (Economics), Department of Economics and Development Studies

Title_February_2024

Downloads

Published

2024-02-15

Issue

Vol. 3 No. 1 (2024)

Section

Articles

License

Copyright (c) 2024 Augustine C. Osigwe

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

All articles published in the International Journal of Economics and Society (IJES) are licensed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0).

This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author(s) and the source are properly credited.