تحليل العلاقة التوازنية طويلة الأجل بين كمية النقود و المستوى العام للأسعار في الجزائر باستخدام نموذج ARDL

Abstract EN

The purpose of this study is to analyze and test the relationship between the quantity of money and the general price level in Algeria, based on the Bounds test model, where the results of the study showed that the variable the most influential on the general price level in the short showed that the variable most influential in the general price level in the short run is the narrow money supply variable M1, but in the long run the relative importance of the influence comes from the broad money supply variable M2.

While the results of the causality test showed the existence of a one-way relationship that goes from the narrow money supply to the general price level, and for this the monetary authorities must work to reduce the impact of these two variables on prices in addition to finding appropriate means and tools to absorb the resulting increase in the money supply, in order to arrive at acceptable inflation rates