قياس أثر السياسة النقدية على التضخم : دراسة حالة الجزائر للفترة (2000-2018)‎

الملخص EN

The study aimed to measure the effect of both the Rediscount rate and the Reserve requirements' constitution rate on the Inflation rate (annual consumer prices) in Algeria, During the period (2000-2018), Using the Bounds Test proposed by (Pesaran et al.

, 2001), Which is known as the (ARDL) model.

The study concluded that there is a Cointegration relationship.

And a long-run equilibrium relationship between the Inflation rate and the independent variables.

The estimation also showed a negative and significant relationship, at the 1% level, between the independent variables in one side (the Rediscount rate and the Reserve requirements' constitution rate), and the Inflation rate in the other side.