دراسة العلاقة السببية قصيرة الأجل بين التضخم و مستويات سعر الصرف الاسمي الفعال في الجزائر من خلال نموذج أشعة الانحدار الذاتي

Abstract EN

The exchange rate can have a major impact on inflation, and on the value of money, however the exchange rate is only one factor among many that combine to influence inflation, but the relationship between the two variable is not only in one direction ,also inflation is more likely to have a significant impact on a country’s exchange rate , therefore the relation between them is complex and difficult to manage , a higher interest rate tend to attract investment which is likely to increase the demand for money, however a higher interest rate often cause increasing inflation Beyond the variable that can influence inflation, numerous other factors beside inflation can impact exchange rate such as country’s rate of economic growth, balance of trade, debt level and the stability of nation government and economy, in this paper we attempt to test causality between the inflation and exchange rate in Algeria to see if there is any significant relationship between the two variables.