قياس أثر السياسة النقدية على الاستقرار النقدي في الجزائر خلال الفترة (1990-2019)‎

الملخص EN

This study aims to highlight the impact of monetary policy tools on monetary stability in Algeria, Through the application of ARDL models for the period 1990 to 2019.

The study reached several results, the most important of which are: after studying the stability of time series of all variables, we get constant strings at the level and the other after the first difference, through which the ARDL model can be estimated, as the test showed the border approach to common integration (Bounds test) After evaluating the model and examining its quality, it was concluded that there are variables that positively (interest rate) and negatively (exchange rate) affect the monetary stability factor in Algeria in the short and long term.