Pakistan Institute of Development Economics

PDR

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

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