تأثير الادوات الكمية للسياسة النقدية على المستوى العام للأسعار : دراسة قياسية (1990-2020)‎

Abstract EN

This study dealt with the subject of the quantitative tools of monetary policy and their impact on the general level of prices during the period between 1990-2020, in order to examine the problem posed in knowing the effect of the rediscount rate as one of the monetary policy tools on the general level of prices.

In order to understand the aspects of the subject and analyze its dimensions, we have relied on the descriptive analytical approach to list the most important definitions of monetary policy and its tools, as well as the econometric method for analyzing and evaluating the relationship between the re-discount rate and inflation, moreover, the study aims to highlight the impact of quantitative tools of monetary policy at the level The general price of prices in Algeria, by applying the Autoregressive Distributed Time Deceleration (ARDL) model for the period between 1990-2020.

The study reached the following results: - The results of the study are not stable at the first level, and when the first difference test is conducted, it has become stable at the level (1)The study also concluded that there is a long-term relationship between the two variables during the study period, and after estimating the model and checking its quality, it was concluded that there is a direct relationship and a positive effect between the re-discount price and the general level of prices in the short and long term.