قياس أثر عدم تماثل إصلاحات السياسة النقدية على معدلات التضخم في الجزائر للفترة (1980-2019)‎ باستخدام منهجية NARDL

Abstract EN

This study is concerned with highlighting the impact of the asymmetry of positive and negative changes in monetary policy tools represented in the exchange rate, the size of the monetary mass and interest rates on inflation rates in Algeria, using annual data for the period 1980-2019 and relying on the NARDL methodology, which allows studying non-linear and asymmetric co-integration relationships between variables.

among the most important findings of the study: the existence of a long-term equilibrium relationship between inflation rates and monetary policy tools.

the results of the study also showed a mismatch between the positive and negative shocks of monetary policy tools on inflation rates in Algeria in the long term.

by activating its various tools according to objective and economic foundations by economists without introducing political aspects in order to control inflation rates and revitalize the national economy.