أداء السياسة النقدية و أثرها على التوازن الخارجي في الجزائر للفترة (1990-2014)‎ : دراسة قياسية باستخدام نموذج "Engle-Granger two step method"

Abstract EN

The study aims to measure the impact of monetary Policy on the external equilibrium through the study of )Magee, Oladipupo & Onotaniyohuwo) model.

Co-integration Test in the long and short term is used.

The main results are: there is a long-term and an integrated relationship between monetary policy variables and the balance of payments, the most variables impact balance of payments are exchange rate and inflation, interest rate variable has no significant impact in short term and very weak impact in the long-term, because the banking system in Algeria is very weak and have not big effect on the economics variables.