مجلة إدارة الأعمال والدراسات الاقتصادية
Volume 8, Numéro 1, Pages 619-636
2022-05-01

The Effect Of The Fiscal Dominance On The Monetary Policy In Algeria From (1998-2020) Using The Ardl Method

Authors : Benheddi Ikram . Si Mohammed Kamel .

Abstract

The basic goal of this paper investigates the effect fiscal dominance on monetary policy in Algeria using annual time series data during the period (1998-2020) , this study employs inflation rate , budget deficit to GDP, broad money to GDP, official exchange rate, interest rate treasury bills and oil price , yet uses the bound test(ARDL) the Autoregressive Distributed Lag approach, according to our results negative and significant effects variables on inflation rate except the related between official exchange rate and inflation rate was positive and significant , hereunder the research confirms significant long run relationship exist and stable long run linkage between inflation rate and the explanatory variables.

Keywords

Monetary policy ; Fiscal policy ; Fiscal dominance ; ARDL