فعالية السياسة النقدية في تحقيق النمو الاقتصادي بعد تأثير كوفيد-19 : دراسة حالة بعض دول MENA

Abstract EN

The global economy has a serious plunge in late 2019 as growth slowed in all regions of the world, and contraction prevailed in the economies of many countries in the last quarter, however, there was a common expectation that things would improve in late 2020 as a result of the expected recovery in the large emerging economies, and the return of global growth to levels that can be reached in the long term starting from 2021.

Even in light of the acceleration of the spread of "Covid-19" pandemic.

Monetary policy has taken the lead in coordinating the recovery, and the rise in stock prices has adopted other assets as a measure of success and a means of distraction from the reality of slowing wage growth and increasing inequalities.

This research paper aims the record study of the impact of monetary policy on economic growth in a sample of the Arab countries.

,, through the application of dynamic panel models according to the Panel-ARDL models for a data series for each of the per capita GDP and monetary variables for 07 countries in the Middle East and North Africa during the period 1990-2020.

One of the most important findings is that monetary policy has a positive impact on economic growth through interest rates in the short term, while the rate of growth is positively affected by money supply in the long-term in the countries under study, reflecting the important role played by monetary policy and its effectiveness in supporting economic activity, creating added values and achieving economic and monetary stability.