Atlantic Economic Journal

, Volume 15, Issue 1, pp 31–41 | Cite as

Past inflation variability and the stability of the demand-for-money function in Nigeria

  • Augustine Chuck Arize
Articles

Conclusions

The view that the demand-for-money function is characterized by a stable relationship is subjected to four objective statistical tests. The results suggest that for the period 1961–62 through 1981–82, the demand-for-money function became unstable around 1970–71. The past variability of the rate of inflation was found to be an important variable in the money-demand function of Nigeria.

Keywords

Important Variable International Economic Public Finance Stable Relationship Inflation Variability 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Atlantic Economic Society 1987

Authors and Affiliations

  • Augustine Chuck Arize
    • 1
  1. 1.North Texas State UniversityUSA

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