Have a personal or library account? Click to login
Achieving Sustainable Economic Growth in Sub-Saharan African Countries Using the Tool of Monetary Policy Effectiveness Cover

Achieving Sustainable Economic Growth in Sub-Saharan African Countries Using the Tool of Monetary Policy Effectiveness

Journal of Central Banking Theory and Practice
Volume 12 (2023): Issue 3 (September 2023)
By: Areghan Isibor,  Alexander Omankhanlen,  Benjamin Ehikioya,  Godswill Osuma,  Adenike Oladipo,  Adedoyin Bunmi-Alo and  Kikiyanu Ajalaadebowale  
Open Access
|Sep 2023

References

  1. Adegbite, T. & Alabi, W. (2018). Monetary policy and economic growth: The Nigerian experience (1970-2010), Prime Journal of Business Administration and Management, 3(1), 822-833
    Search in Google ScholarBack to article
  2. Adigwe, P. K., Echekoba, F. N. & Onyeagba, J. B. C. (2020).Monetary policy and economic growth in Nigeria: A critical evaluation. IOSR Journal of Business and Management, 17(2), 110-119
    Search in Google ScholarBack to article
  3. Akanbi, T. A. and Ajagbe, F. A. (2019). Analysis of Monetary Policy on commercial banks in Nigeria, African Journal of Business Management, 6 (51), 12038-12042
    Search in Google ScholarBack to article
  4. Anowor, O. F. & Okorie, G. C. (2016). A reassessment of the impact of monetary policy on economic growth: Study of Nigeria, International Journal of Developing and Emerging Economies, 4 (1), 82-90
    Search in Google ScholarBack to article
  5. Antonio, P. M. (2019). Monetary policy instruments and convergence of its objectives: Case of Angola, Journal of Economics and Public Finance, 5 (2), 161-182
    Search in Google ScholarBack to article
  6. Anyanwu, J. C. (2014). Factors affecting economic growth in Africa: Are there any lessons from China? African Development Review, 26(3), 468-493
    Search in Google ScholarBack to article
  7. Aslam, M. & Awan, A. G. (2018). Impact of monetary policy on economic growth: Evidence from Pakistan. Global Journal of Management, Social Sciences and Humanities, 4(1), 89-109
    Search in Google ScholarBack to article
  8. Aslı, G. (2021). Does monetary policy credibility help in anchoring inflation expectations? Evidence from six inflation targeting emerging economies, Journal of Central Banking Theory and Practice, 10(1), 93 - 111
    Search in Google ScholarBack to article
  9. Ayodeji, A. & Oluwole, A. (2018). Impact of monetary policy on economic growth in Nigeria. OpenAccess Library Journal, 5(2), 1-12.
    Search in Google ScholarBack to article
  10. Central Bank of Nigeria (CBN) (2019). Monetary policy department series 1, (CBN/MPD/Series/01/2019). Culled from www.cenbank.org
    Search in Google ScholarBack to article
  11. Chaudhry, I. S., Qamber, Y. & Farooq, F. (2017). Monetary policy, inflation and economic growth in Pakistan: Exploring the co-integration and causality relationships, Pakistan Journal of Commerce and Social Science, 6(2), 332-347
    Search in Google ScholarBack to article
  12. Chimobi, O. & Uche, U. (2017). Money, price, and output: A casualty test for Nigeria, American Journal of Scientific Research, 8(2), 78-87
    Search in Google ScholarBack to article
  13. Chipote, P. & Makhetha-Kosi, P. (2017). Impact of monetary policy on economic growth: A case study of South Africa, Mediterranean Journal of Social Sciences, 5(5), 76-84
    Search in Google ScholarBack to article
  14. Chuku, A. (2019). Measuring the effect of monetary policy innovations in Nigeria: A structural vector autoregressive (SVAR) Approach, African Journal of Accounting, Economics, Finance and Banking Research, 5(5), 112-129
    Search in Google ScholarBack to article
  15. Fabris, N. & Lazić, M. (2022). Evaluating the role of the exchange rate in monetary policy reaction function of advanced and emerging market economies, Journal of Central Banking Theory and Practice, 11(2), 77 – 96
    Search in Google ScholarBack to article
  16. Fasanya, I., Onakoya, A. & Agboluaje, M. (2017). Does monetary policy influence economic growth in Nigeria?, Asian Economic and Financial Review, 3 (5), 635-646
    Search in Google ScholarBack to article
  17. Friedman, M. (1968). The role of monetary policy, American Economic Review, 45(4), 39 - 67
    Search in Google ScholarBack to article
  18. Galadima, M. D. & Ngada, M. H. (2017). Impact of money supply on economic growth in Nigeria(1981–2015), Dutse Journal of Economics and Development Studies, 3(1), 133-144
    Search in Google ScholarBack to article
  19. Guillermo, P. (2020). Monetary policy after the great moderation, Journal of Central Banking Theory and Practice, 9(3), 5 - 26
    Search in Google ScholarBack to article
  20. Isibor, A.A., Adetiloye, K. A., Olokoyo, F. O., Adesina, T. F., Akinjare, V. A., & Udume, M. E. (2022). Achieving sustained performance in the Nigerian oil and gas sector despite exchange rate fluctuations: A VAR approach, International Journal of Energy Economics and Policy, 12(3), 341-351
    Search in Google ScholarBack to article
  21. Isibor, A. A., Omankhanlen, A. E., Mathias, C. M., Komolafe, D. T., and Okereke, Y. K. (2020). The impact of credit risk management and macroeconomic variables on bank performance in Nigeria, WSEAS Transactions on Business and Economics, 17(94), 947 – 955
    Search in Google ScholarBack to article
  22. Isibor, A., Olokoyo, F. O., Arogundade, M., Osuma, G., and Ndigwe, C. (2018). Exchange rate management and sectoral output performance, International Journal of Supply Chain Management, 7(5), pp. 129-134
    Search in Google ScholarBack to article
  23. Keynes, J. M. (1973). The General Theory of Employment, Interest and Money, Collected Writings Vol. VII, London and Basingstoke, The Macmillan Press Ltd for the Royal Economic Society London.
    Search in Google ScholarBack to article
  24. Koshy, M. (2017). Monetary policy: Stabilizing prices and output. New York, International Monetary Fund
    Search in Google ScholarBack to article
  25. Nasko, A. M. (2016). Impact of monetary policy on the economy of Nigeria, Pyrex Journal of Business and Finance Management Research, 2(10), 163-179
    Search in Google ScholarBack to article
  26. Ogbulu, O. & Torbira, L. (2017). Budgetary operations and economic growth: The Nigerian perspective, British Journal of Arts and Social Sciences, 4(2), 180-194.
    Search in Google ScholarBack to article
  27. Okoro, A. (2018). Impact of monetary policy on Nigerian economic growth, Prime Journal of Social Science, 2(2), pp. 195-199
    Search in Google ScholarBack to article
  28. Okoye, L. U., Erin, O. A., Ado, A., & Isibor A. (2017). Corporate governance and financial sustainability of microfinance institutions in Nigeria. Peer-Reviewed Proceedings of the International Business Information Management Association Conference (30th IBIMA) held on 8 – 9 November 2017, Madrid, Spain.
    Search in Google ScholarBack to article
  29. Okwo, I., Eze, F. & Nwoha, C. (2017). Evaluation of monetary policy outcomes and its effect on price stability in Nigeria, Research Journal Finance and Accounting, 3(11), Pp 37-47
    Search in Google ScholarBack to article
  30. Omankhanlen, A. E., Ilori, N., & Isibor, A. A. (2021). Monetary policies and the achievement of bank profit objective. Journal of Central Banking Theory and Practice, 2 (1), pp. 201 – 220
    Search in Google ScholarBack to article
  31. Osakwe, A., Ibenta, S. N. & Ezeabasili, V. N. (2019). Monetary policy and the performance of the manufacturing sector in Nigeria (1986-2017). International Journal of Academic Research in Business and Social Sciences, 9(2), 399–413
    Search in Google ScholarBack to article
  32. Srithilat, K. & Sun, G. (2017). The impact of monetary policy on economic development: Evidence from LaoPDR. Global Journal of Human-Social Science: Economics, 17(2), 8-16.
    Search in Google ScholarBack to article
  33. Suleiman, A. M., Yusuf, A. U. & Suleiman, S. (2019). Effect of unemployment and inflation on economic growth in Nigeria, Dutse Journal of Economics and Development Studies, 7(1), 113-120
    Search in Google ScholarBack to article
  34. Twinoburyo, E. N. & Odhiambo, N. M. (2018). Can monetary policy drive economic growth? Empirical evidence from Tanzania, Contemporary Economics, 12(2), 207-223
    Search in Google ScholarBack to article
DOI: https://doi.org/10.2478/jcbtp-2023-0027 | Journal eISSN: 2336-9205
Journal RSS Feed
Language: English
Page range: 111 - 132
Submitted on: Jul 21, 2022
Accepted on: Mar 31, 2023
Published on: Sep 5, 2023
Published by: Central Bank of Montenegro
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year
Keywords:
Sustainable Development Goal,
Sub-Saharan Africa,
Sustainable Economic Growth,
Inflation,
GDP Per Capita,
Exchange Rate
Related subjects:
Business and economics,
Business management,
Business management, other

© 2023 Areghan Isibor, Alexander Omankhanlen, Benjamin Ehikioya, Godswill Osuma, Adenike Oladipo, Adedoyin Bunmi-Alo, Kikiyanu Ajalaadebowale, published by Central Bank of Montenegro
This work is licensed under the Creative Commons Attribution 4.0 License.

Previous articleVolume 12 (2023): Issue 3 (September 2023)Next article