أثر عرض النقود على الناتج المحلي الإجمالي للقطاع الخاص في الأردن

الملخص EN

This study aimed to investigate the impact of real money supply on real Gross Domestic Product of the Jordanian Private Sector, using quarterly data for the period (1992-2012).

The variables in the error correction model are: real money supply (RM), real domestic savings (RS), real interest rate on loans (RI), and real gross domestic product of private sector (RGDP).

The study utilized two major tools for analysis: Variance Decomposition and Impulse Response Function.

The results showed that any increase in real Money Supply has a positive impact on real GDP of the private sector.

The results of this study were found to be consistent with economic theory and with the results of previous studies.

Finally; the study recommended that the Central Bank of Jordan should adopt a balanced monetary policy in order to stimulate the Jordanian private sector.