مجلة آفاق للبحوث والدراسات
Volume 6, Numéro 1, Pages 36-53
2023-01-31

Monetary Policy And Inflation Targeting Policy Standard Study On The Situation Of Algeria (1990-2020)



Authors : Khedir Soufiane . Messaoudi Ali .

Abstract

This study seeks to highlight the effectiveness of monetary policy in targeting inflation in Algeria during the period (1990-2020), by clarifying the theoretical aspects of both monetary and inflation-targeting policies to make their generalities known, we then make a standard study of this period using the distributed time gap Self-Regression (ARDL) model. The study concluded that there is a positive and significant effect of the rediscount rate on the inflation rate in the long and short term, in addition to a positive and insignificant effect of the money supply growth factor in the broad sense on the inflation rate in the long and short term.

Keywords

Monetary policy ; Inflation targeting policy ; Algeria ; ARDL

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