مجلة الدراسات المالية والمحاسبية والإدارية
Volume 6, Numéro 3, Pages 583-596
2019-12-30
Relationship Between Quantitative Easing And Monetary Stability In Usa: An Econometric Study
Authors : Nadia Azzeddine . Basma Aoulmi .
Abstract
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.
Keywords
Quantitative Easing ; Monetary Stability ; Unit Root Test ; Correlation ; Granger Causality Test
Les articles similaires
Azzeddine Nadia
.
Aoulmi Basma
.
pages 387-402.
Mokhtari Adel
.
Benelbar M'hamed
.
ص 1-20.
جاري فاتح
.
شلال زهير
.
بن طالبي فريد
.
ص 193-202.
