تقييم فعالية سياسة استهداف التضخم في الجزائر: دراسة قياسية

الملخص EN

This research aims to assess the effectiveness of monetary policy to target inflation rates in Algeria by building an econometric model composed of two variables, the inflation rate and the broad money supply, because it is the main one.

tool that the monetary authority uses to orient its monetary policy towards economic stability.

the results of the autoregressive vector model show that there is a weak effect of monetary policy on inflation rates in Algeria.

while the causality test, it showed the existence of a one-way causal relationship going from the rate of inflation to the money supply, while the results of the shock and variance analysis showed that the rates of inflation did not respond to changes in the variable.

the money supply, whether short or long term we conclude from these results that there is a relative efficiency of monetary policy to target inflation rates in Algeria through the money supply variable.