THE PAKISTAN DEVELOPMENT REVIEW
Inflationary Expectations and Monetary Adjustment in Nigeria: 1960-1978
Short-run money demand functions are estimated and elasticities of price expectations and real cash balance adjustment arc determined. By examining the hypothesis that inflation m 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.
I. H. Sheikh, M. A. Shahi