فعالية قناة الإقراض المصرفية في نقل أثر السياسة النقدية إلى الناتج و التضخم : حالة الجزائر : دراسة قياسية بإستخدام منهجية الإنحدار الذاتي الهيكلي (SVAR)‎ خلال الفترة ( 2005-2021)‎

Abstract EN

This study aims to try to evaluate the effectiveness of the bank lending channel in transferring the impact of monetary policy to output and inflation in Algeria during the period (2005-2021), using the following variables : the mandatory reserve rate (RO) representing monetary policy, the inflation rate (CPI) and the output (RGDP) as final goals for monetary policy, bank loans (CRED) represented the bank lending channel in Algeria, using a structural autoregressive model (SVAR) and analysis of structural response functions and variance components.

the results of the study concluded that the bank lending channel was ineffective in transferring the impact of monetary policy to inflation, and its effectiveness in transferring this effect to the output, which indicates the relative effectiveness of the bank lending channel in transferring the impact of monetary policy to its final goals.