Monetary policy response to oil price shocks in ِAlgeria : by using an bound testing approach (ARDL)‎

Other Title(s)

استجابة السياسة النقدية لصدمات سعر النفط في الجزائر : باستخدام منهج الحدود (ARDL)‎

Time cited in Arcif : 
1

Joint Authors

Lakhdimi, Abd al-Hamid
Bukar, Abd al-Aziz Muhammad Ali

Source

Revue de I'nstitut des Scienses Économiques

Issue

Vol. 23, Issue 2 (31 Dec. 2020), pp.1773-1792, 20 p.

Publisher

Université d'Alger 3 Brahim Soltane Chaibout Faculté des sciences économiques de Gestion et de Commerce

Publication Date

2020-12-31

Country of Publication

Algeria

No. of Pages

20

Main Subjects

Economy and Commerce

Topics

Abstract EN

This paper aims to study the dynamics and impact of oil price changes on indicators of monetary stability and the monetary policy mechanism in response to oil shocks.

First, a study of the historical development of oil prices from 1970 to 2018.

Second, monetary policy measures in Algeria.

Third, the use approach of AutoRegressive Distributed Lags (ARDL) in the study.

The study found that the main cause of the oil shocks is due to the geopolitical crises; the Bank of Algeria has taken three basic measures in response to the drop in oil prices, namely, Raise of the exchange rate, the purchase of sovereign debt, and unconventional financing.

As for the econometric study, we reached a cointegrating relationship between the variables of the study.

The analysis of the Impulse Function Response test also shows that inflation and the monetary supply are more affected by the oil price shocks.

American Psychological Association (APA)

Lakhdimi, Abd al-Hamid& Bukar, Abd al-Aziz Muhammad Ali. 2020. Monetary policy response to oil price shocks in ِAlgeria : by using an bound testing approach (ARDL). Revue de I'nstitut des Scienses Économiques،Vol. 23, no. 2, pp.1773-1792.
https://search.emarefa.net/detail/BIM-1019704

Modern Language Association (MLA)

Lakhdimi, Abd al-Hamid& Bukar, Abd al-Aziz Muhammad Ali. Monetary policy response to oil price shocks in ِAlgeria : by using an bound testing approach (ARDL). Revue de I'nstitut des Scienses Économiques Vol. 23, no. 2 (2020), pp.1773-1792.
https://search.emarefa.net/detail/BIM-1019704

American Medical Association (AMA)

Lakhdimi, Abd al-Hamid& Bukar, Abd al-Aziz Muhammad Ali. Monetary policy response to oil price shocks in ِAlgeria : by using an bound testing approach (ARDL). Revue de I'nstitut des Scienses Économiques. 2020. Vol. 23, no. 2, pp.1773-1792.
https://search.emarefa.net/detail/BIM-1019704

Data Type

Journal Articles

Language

English

Notes

Text in English ; abstracts in English and Arabic.

Record ID

BIM-1019704