مقاربة قياسية لدراسة فعالية السياسة النقدية على النمو الاقتصادي في الجزائر باستخدام نموذج الانحدار الذاتي (Var)‎ خلال الفترة (1995-2020)‎

Abstract EN

This study aims to determine and know the nature of the relationship and the effect of changing the inflation rate, money supply m2, the interest rate representing monetary policy, and the gross domestic product representing economic growth in Algeria for the period (1995-2020), through an autoregressive model (var) for the values of the study variables.

one of the most prominent results that we obtained in this study is that some of the study variables are stable at the level (inflation rate and interest rate) and some are stable at the first difference (money supply) and the economic growth variable at the second difference, and as a result of the different degree of integration there is no long-term relationship among the variables of the study (there is no co-integration), causality tests also showed that money supply is the only variable that affects economic growth directly.