Relationship between quantitative easing and monetary stability in USA : an econometric study
Other Title(s)
العلاقة بين التيسير الكمي و الاستقرار النقدي في الولايات المتحدة الأمريكية : دراسة قياسية
Joint Authors
Izz al-Din, Nadiyah
Ulami, Basmah
Source
Journal of Financial, Accounting and Managerial Studies
Issue
Vol. 6, Issue 3 (31 Dec. 2019), pp.583-596, 14 p.
Publisher
Université Larbi Ben M'hidi Oum El Bouaghi Laboratoire COFIFAS
Publication Date
2019-12-31
Country of Publication
Algeria
No. of Pages
14
Main Subjects
Financial and Accounting Sciences
Abstract EN
The study aimed to identify the causal relationship between the quantitative easing and the monetary stability in USA.
We used the data of Federal Reserve Bank for the period comprises between the third quarter of 2008 and the final quarter of 2018.
First, we applied different statistical tools to analyze the obtained data.
We carried out normality test and found that both the time series are non-normally distributed.
Then we concluded through unit root test that both series are stationary at the level form.
Furthermore, we found a positive weak correlation between the time series and through Granger causal test we found that there is a bidirectional relationship between the quantitative easing and the monetary stability at 5% level of significance.
American Psychological Association (APA)
Izz al-Din, Nadiyah& Ulami, Basmah. 2019. Relationship between quantitative easing and monetary stability in USA : an econometric study. Journal of Financial, Accounting and Managerial Studies،Vol. 6, no. 3, pp.583-596.
https://search.emarefa.net/detail/BIM-954891
Modern Language Association (MLA)
Izz al-Din, Nadiyah& Ulami, Basmah. Relationship between quantitative easing and monetary stability in USA : an econometric study. Journal of Financial, Accounting and Managerial Studies Vol. 6, no. 3 (Dec. 2019), pp.583-596.
https://search.emarefa.net/detail/BIM-954891
American Medical Association (AMA)
Izz al-Din, Nadiyah& Ulami, Basmah. Relationship between quantitative easing and monetary stability in USA : an econometric study. Journal of Financial, Accounting and Managerial Studies. 2019. Vol. 6, no. 3, pp.583-596.
https://search.emarefa.net/detail/BIM-954891
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 591-592
Record ID
BIM-954891