Oke, B.A.2018-10-242018-10-242000-12Oke, B. A. (2000). Review and harmonisation of framework of fiscal and monetary policies for effective economic management in Nigeria. Economic and Financial Review, 38(4), 52-74.1957 - 2968http://repo.cbn.gov.ng/jspui/handle/123456789/502The objective of this paper, is to review the framework of monetary and fiscal policies with a view to forging a framework for harmonising them for effective economic management. The rest of the paper is divided into six parts. Part 2 is a theoretical overview of some fiscal policy concepts, especially those related to fiscal deficit size and financing. Part 3 examines the macroeconomic policy framework which forms the common basis for the design of fiscal and monetary policies. Parts 4 and 5 analyse in greater details, the framework for fiscal policy and monetary policy, respectively. Part 6 is a critical review of the lack of fiscal and monetary policy harmonisation in Nigeria. Part 7 is a harmonised framework of fiscal and monetary policies for effective economic management in Nigeria.enFiscal policy,Monetary policy,Balance of Payments (BOP),Central Bank Independence (CBI),Monetary and fiscal policy framework.Article