أثر صدمات أداة معدل إعادة الخصم على ديناميكية الاقتصاد الحقيقي في الجزائر : دراسة قياسية باستخدام نماذج SVAR للفترة (1990-2017)‎

Abstract EN

This paper aims to study the effects of the shocks of the discount rate tool as a quantitative tool of monetary policy on the real non-oil output and on the consumer price index (representatives of the real economy) in Algeria, using the SVAR approach, and using quarterly data.

An annual period spanning the period (1990-2017).

The results of the standard study indicated that the response of the non-oil real output and the CPI to the shocks occurring in the discount rate tool was significant, but weak in the short and long term, which strongly indicates the existence of stagnation in the speed and degree of response, which can be attributed to the lack of The ability of monetary policy alone can affect the real economy in Algeria.