تحديد العلاقة في الاجل الطويل بين السياسة النقدية و معدل التضخم في الجزائر خلال الفترة (2000- 2017)‎ باستعمال نموذج الانحدار الذاتي للفجوات الموزعة المتباطئة ARDL

Abstract EN

The purpose of this study was to determine the long-term relationship between the monetary policy and inflation rate.

For the purpose of the analysis, annual data for a time series were used for the period 2000-2017.

The multiple regression models was estimated Autoregressive Distributed Lag Model (ARDL BoundTesting).ARDL modeling was introduced by Pesaran et al (2001) .The results of the boundtest revealed that there is a long-term relationship between the inflation and the independent variables.

The results also confirmed a negative and significant relationship between the rate of re-discounting and inflation rate in the short term and positive and insignificant in the long term, contrary to the growth rate of money supply in the broad sense The study showed that there is no relationship between the latter and the rate of inflation in the short term, but in the long term there was a negative and moral relationship at the level of 10 %.

The real exchange rate has confirmed the results of a positive relationship and moral between it and the rate of inflation in the short term and negative relationship In the term Long and not significant.