The effectof fiscal and monetary policies interactionon stock market performance: Evidence from Nigeria

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dc.creatorLawal, Adedoyin Isola, Somoye, Russel O., Babajide, A. A, Nwanji, Tony Ikechukwu
dc.date2017-11-06
dc.date.accessioned2025-04-01T12:05:25Z
dc.descriptionThis studyexaminestheimpactoftheinteractionsbetween fiscal andmonetarypoliciesonstockmarketbehaviour(ASI)and the impactofthevolatilityoftheseinteractionsontheNigerianstockmarket.ThestudyanalysedmonthlydatausingtheARDL and EGARCHmodels.Theresultsshowtheinteractionbetweenmonetaryand fiscal policiesinfluence onstockmarketreturnsin Nigeria. TheARDLresultsshowevidenceoflongrunrelationshipbetweenASIandMonetary-fiscal policies.Theresultsfromthe volatility estimatesshowthattheASIvolatilityislargelysensitivetovolatilityintheinteractionsbetweenthetwopolicy instruments. Theresultssuggestcalibratingboththemonetaryand fiscal policiesinasinglemodelwhenformulatingstockmarket policy astheirinteractionexertssignificantly onstockmarketbehaviour,thusbothpoliciesshouldbeconsideredintandem.
dc.formatapplication/pdf
dc.identifierhttp://eprints.covenantuniversity.edu.ng/9945/
dc.identifier.urihttps://repository.covenantuniversity.edu.ng/handle/123456789/39280
dc.languageen
dc.subjectH Social Sciences (General), HF5601 Accounting
dc.titleThe effectof fiscal and monetary policies interactionon stock market performance: Evidence from Nigeria
dc.typeArticle

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