فعالية السياسة النقدية كأداة للتأثير على التضخم : دراسة حالة الجزائر (2000-2018)‎

الملخص EN

This paper attempts to investigate the effectiveness of monetary policy variables, including money supply and real exchange rate, in influencing Algeria's inflation rates, based on the ARDL and the VECM model.

The study concluded the significant effect of the money supply on the inflation rate in the both short / long term, while the effectiveness of the effect of the real exchange rate on the inflation rate was in the short term only.

Finally,the study recommended to support the independence of the Central Bank As well as enhancing transparency for accountability to the monetary authorities more in the area of monetary policy management.