{"id":"https://openalex.org/W4288940931","doi":"https://doi.org/10.33122/ijoce.v4i2.37","title":"Monetary Policy Schocks and Economic Growth in Nigeria","display_name":"Monetary Policy Schocks and Economic Growth in Nigeria","publication_year":2022,"publication_date":"2022-07-31","ids":{"openalex":"https://openalex.org/W4288940931","doi":"https://doi.org/10.33122/ijoce.v4i2.37"},"language":"en","primary_location":{"id":"doi:10.33122/ijoce.v4i2.37","doi":"https://doi.org/10.33122/ijoce.v4i2.37","is_oa":true,"landing_page_url":"https://doi.org/10.33122/ijoce.v4i2.37","pdf_url":null,"source":{"id":"https://openalex.org/S4387282161","display_name":"Indonesian Journal of Contemporary Education","issn_l":"2656-033X","issn":["2656-033X"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Indonesian Journal of Contemporary Education","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.33122/ijoce.v4i2.37","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5003897433","display_name":"Anu Keshiro Toriola","orcid":"https://orcid.org/0000-0002-0157-3797","observed_orcids":["https://orcid.org/0000-0002-0157-3797"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Anu K. Toriola","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5059264667","display_name":"Oluwatoba Oyedele Adeniwura","orcid":"https://orcid.org/0009-0005-8622-1123","observed_orcids":["https://orcid.org/0009-0005-8622-1123"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Oluwatoba O. Adeniwura","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040059581","display_name":"Francis Olawale Lawale","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Francis Olawale Lawale","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5043794912","display_name":"Anayo V. Eyeke","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Anayo V. Eyeke","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5012830271","display_name":"Friday Nwakpa","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Friday C. Nwakpa","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5061652192","display_name":"Isaac Adeniran","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Isaac Adeniran","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"4","issue":"2","first_page":"71","last_page":"79"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/monetary-policy-shocks","display_name":"monetary policy shocks","score":0.996999979019165},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":1.0},{"id":"https://openalex.org/keywords/money-supply","display_name":"money supply","score":0.9700000286102295},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.9990000128746033},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.8399999737739563},{"id":"https://openalex.org/keywords/policy-rate","display_name":"key rate","score":0.8180000185966492},{"id":"https://openalex.org/keywords/central-bank-of-nigeria","display_name":"Central Bank of Nigeria","score":0.9390000104904175},{"id":"https://openalex.org/keywords/nigeria","display_name":"Nigeria","score":0.6600000262260437}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8141545653343201},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.7367615699768066},{"id":"https://openalex.org/C2779971977","wikidata":"https://www.wikidata.org/wiki/Q842206","display_name":"Money supply","level":3,"score":0.6826136112213135},{"id":"https://openalex.org/C133029050","wikidata":"https://www.wikidata.org/wiki/Q385593","display_name":"Vector autoregression","level":2,"score":0.6644331216812134},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.6553978323936462},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.651373028755188},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5405224561691284},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.42219844460487366},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.33122/ijoce.v4i2.37","doi":"https://doi.org/10.33122/ijoce.v4i2.37","is_oa":true,"landing_page_url":"https://doi.org/10.33122/ijoce.v4i2.37","pdf_url":null,"source":{"id":"https://openalex.org/S4387282161","display_name":"Indonesian Journal of Contemporary Education","issn_l":"2656-033X","issn":["2656-033X"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Indonesian Journal of Contemporary Education","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.33122/ijoce.v4i2.37","doi":"https://doi.org/10.33122/ijoce.v4i2.37","is_oa":true,"landing_page_url":"https://doi.org/10.33122/ijoce.v4i2.37","pdf_url":null,"source":{"id":"https://openalex.org/S4387282161","display_name":"Indonesian Journal of Contemporary Education","issn_l":"2656-033X","issn":["2656-033X"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Indonesian Journal of Contemporary Education","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.833299994468689,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4210957570","https://openalex.org/W7131648103","https://openalex.org/W4386167588","https://openalex.org/W3207343364","https://openalex.org/W7000839810","https://openalex.org/W7220525499","https://openalex.org/W7203820706","https://openalex.org/W3206493126","https://openalex.org/W6968488471","https://openalex.org/W4392457580"],"abstract_inverted_index":{"This":[0,11],"study":[1,12,69],"examines":[2],"monetary":[3,119],"policy":[4,120],"shocks":[5,121],"and":[6,34,60,102,134],"economic":[7,24,96,111,127],"growth":[8,25,97,112,128],"in":[9,76,98,113,129],"Nigeria.":[10,114],"following":[13],"ex":[14],"post":[15],"facto":[16],"research":[17],"design":[18],"employed":[19,70],"a":[20,91,123],"regression":[21],"model":[22],"where":[23],"was":[26,66,142],"the":[27,38,45,71,77,82,145,149,153],"dependent":[28],"variable":[29],"while":[30,100,131],"money":[31,88],"supply,":[32],"inflation":[33,101,135],"interest":[35,103,132],"rate":[36,104,133],"were":[37],"explanatory":[39],"variables.":[40],"Time":[41],"series":[42],"data":[43],"over":[44],"period":[46],"of":[47,55,81,152,157],"1986":[48],"to":[49,159,164],"2018":[50],"sourced":[51],"from":[52],"Central":[53],"Bank":[54,62],"Nigeria":[56,99,130],"(CBN)":[57],"Statistical":[58],"Bulletin":[59],"World":[61],"Development":[63],"Index":[64],"(WDI)":[65],"utilized.":[67],"The":[68,79,115],"Vector":[72],"Autoregression":[73],"(VAR)":[74],"techniques":[75],"analysis.":[78],"result":[80,116],"vector":[83],"autoregression":[84],"estimation":[85],"shows":[86],"that":[87,118,144],"supply":[89],"exert":[90,105,122],"significant":[92,124],"positive":[93,108],"effect":[94,109,125],"on":[95,110,126],"an":[106],"insignificant":[107],"proves":[117],"do":[136],"not":[137],"show":[138],"any":[139],"effect.":[140],"It":[141],"recommended":[143],"CBN":[146],"should":[147],"ensure":[148],"downward":[150],"review":[151],"Monetary":[154],"Policy":[155],"Rate":[156],"12%":[158],"9":[160],"percent":[161],"so":[162],"as":[163],"enhance":[165],"more":[166],"financial":[167],"accessibility.":[168]},"counts_by_year":[],"updated_date":"2026-09-25T08:18:29.962427","created_date":"2022-07-31T00:00:00"}