ADEDAYO ALAKA - Academia.edu (original) (raw)

ADEDAYO ALAKA

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Papers by ADEDAYO ALAKA

Research paper thumbnail of Capital Market and Economic Growth in Nigeria

Account and Financial Management Journal

Research paper thumbnail of International Journal of Social Science and Economic Research INFLATION TARGETING CENTRAL BANKS RESPONSE TO ASSET PRICE FLUCTUATION: A NIGERIAN PERSPECTIVE ON THE ISSUES OF ASSET PRICES, INFLATION AND BUSINESS CYCLE

Wealth transmission effect in economics states that as households' wealth increase, consumpti... more Wealth transmission effect in economics states that as households' wealth increase, consumption will also rise but at a less proportionate increase than the increase in wealth. Thus, Central Bankers have long assumed that asset prices and consumer price inflation share a positive relationship. However, the paper disputes this hypothesis. This paper seeks to examine the relationship between asset prices and inflation so as to recommend the appropriate monetary policy response for an inflation targeting Central Bank during an asset price boom considering its risk to inflation.

Research paper thumbnail of Capital Market and Economic Growth in Nigeria

Account and Financial Management Journal

Research paper thumbnail of International Journal of Social Science and Economic Research INFLATION TARGETING CENTRAL BANKS RESPONSE TO ASSET PRICE FLUCTUATION: A NIGERIAN PERSPECTIVE ON THE ISSUES OF ASSET PRICES, INFLATION AND BUSINESS CYCLE

Wealth transmission effect in economics states that as households' wealth increase, consumpti... more Wealth transmission effect in economics states that as households' wealth increase, consumption will also rise but at a less proportionate increase than the increase in wealth. Thus, Central Bankers have long assumed that asset prices and consumer price inflation share a positive relationship. However, the paper disputes this hypothesis. This paper seeks to examine the relationship between asset prices and inflation so as to recommend the appropriate monetary policy response for an inflation targeting Central Bank during an asset price boom considering its risk to inflation.

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