Impact Of Inflation On Nigeria Economy

ABSTRACTCurrently, economists seem to agree that high rates of inflation cause “problems,” not just for some individuals, but for aggregate economic performance. However, much less agreement exists about the precise relationship between inflation and economic performance, and the mechanism by which inflation affects economic activity.   Motivated by these questions, this research first examines the relationship between inflation  and economic performance in Nigeria by using data over the period 1970-2005.The methodology employed in this study is the cointegration and Granger causality test…