Analytical study on the economic conjunctural policies applied in Algeria during (1990-2021)‎

الملخص EN

As economic policy issues regain credibility in the context of financial crises and various external shocks, this study attempts to evaluate the economic stabilization policies applied in Algéria since 1990, by an econometric and an analytical analysis of the conjunctural policies, and their different instruments in order to promote the national economy.

the results indicate the weak effectiveness of these policies on the country’s economic growth, because the funds for fiscal stimulus policy were directed only to promote basic infrastructure and import foreign goods, in contrast, the monetary policy has always considered the money supply as an endogenous variable through printing press and the repeated financing of budget deficits.

thus, we can affirm that the conjunctural policy practiced in Algeria is a victim of a misallocation of resources, which should be directed first to the sectors that create wealth and added value, to not rely only on oil revenues.