استجابة معدلات البطالة لصدمات السياسة النقدية في الجزائر : دراسة قياسية باستخدام نموذج الانحدار البيزي BVAR للفترة (1986-2019)‎

الملخص EN

This study aims to highlight the response of unemployment rates to monetary policy shocks, represented by the size of the monetary mass and the rate of rediscounting, using annual data for the period 1986-2019, using the BVAR model.

Through the payment response functions, we found a strong response in unemployment rates to the shocks of the monetary policy tools.

A positive shock in the monetary mass leads to a negative response to unemployment rates in the short and long terms, while a positive shock in the rate of rebate leads to a positive response.

Strong unemployment rates in the short and long terms, and through the division of the disparity, we reached the importance of the rediscount rate in determining the future fluctuations of unemployment rates in Algeria in the medium and long term.