Effect of Monetary Policy on Prices and Output in Nigeria

The effect of monetary policy on prices and output in any economy cannot be overlooked. This is germane given the implications various macroeconomic outcomes. In doing this, Fully Modified Ordinary Least Squares (FMOLS) method was deployed base preliminary findings to test relationship for Nigeria. Findings revealed that money supply exchange rate exhibit significant output, while does not. Also, technological innovation labour force significantly impacted gross fixed capital formation did not, Base findings, it recommended central bank implement policies will ease access forex, stabilize lessen hassles goods import, regulating economy.