تقدير قاعدة Taylor في الجزائر

الملخص EN

The best monetary rules embody the behaviour of the central bank in directing the monetary policy in a way that guarantees macroeconomic stability.

Among the most prominent of these rules, we find the Taylor rule, which reflects how to determine the level of interest rates to achieve the goal of price stability and growth.

TAYLOR in its initial form and developed in Algeria during the period (1994 Q1-2018 Q4).

We evaluated using the generalized momentum method (GMM), and the results concluded that despite the Bank of Algeria directing interest rates to control the price level according to the formula developed for the Augmented Taylor rule.

And its response to various changes in the level of inflation and output, but the nature of the economic structure in Algeria imposes its negative impact on the course of politics.