Nadani, Abdulrahman Abdullahi; Isah, Auwal - In: CBN journal of applied statistics 15 (2024) 1, pp. 117-151
This paper investigates the effectiveness of the Monetary Policy Rate (MPR) and Cash Reserve Ratio (CRR) as policy instruments in Nigeria. A structural VAR model is employed to simulate two distinct models measuring shocks from the MPR and the CRR using monthly data from January 2006 to December...