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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," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 285-293.
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