أثر السياسات النقدية التوسعية على الاستهلاك الخاص لعينة من الدول النامية في الفترة (1990-2020)‎

Abstract EN

The research aims to study the impact of expansionary monetary policies on the rate of private consumption in a sample of developing countries that includes (Egypt, Chile, Brazil, Turkey, Indonesia, Jordan and Morocco).

autoregressive distributed lagged model (ARDL) as well as the error correction mechanism.

panel data models are specialized in that they take into account the effect of changing time and the effect of change in the cross sector alike.

where the study aimed to what extent monetary policy can be expanded to stimulate private consumption in a positive way.

the results showed that expansionary monetary policies have a positive impact on private consumption and increase aggregate demand in those countries.

however, the relationship between the two variables under study is a non-linear relationship, meaning that there is a point critical as a maximum for the positive impact of these expansionary policies on the rate of private consumption in the economies under study, after which the marginal impact of the expansionary monetary policy on the rate of private consumption becomes negative.