استخدام نموذج المساءلة لقياس درجة استقلالية بنك الجزائر و دورها في استهداف التضخم خلال الفترة 1990-2019

Abstract EN

Inflation-targeting policy has become one of the most prominent monetary policy management mechanisms for controlling inflation rates.

its success requires a combination of components, including the independence of the central bank as one of the most effective institutional frameworks for the design of a successful monetary policy targeting certain levels of inflation and stabilizing prices as its ultimate objective.

in this study, we tried to highlight the relationship between the independence of the bank of Algeria and the extent to which inflation-targeting policy was applied and the availability of inflation-targeting requirements in Algeria during the period 1990-2019, the analytical descriptive approach was used by reviewing the theoretical concepts of the independence of central banks, as well as measuring the independence of the bank of Algeria and the extent to which the policy of targeting inflation was applied in Algeria.

the study found a negative relationship between the independence of the bank of Algeria and inflation, the degree of legal independence of the bank of Algeria is relatively medium.

the policy of targeting inflation has not met the institutional frameworks, particularly regarding the independence of the bank of Algeria and the technical frameworks.