مجلة اقتصاد المال و الأعمال
Volume 7, Numéro 2, Pages 148-161
2023-06-30
Applying Mathematical Monetary Policy Rules In Algeria : Tylor’s Rule
Authors : Khaldoun Yousouf Chemseddin . Bouali Abdelkader . Meliani Yassine .
Abstract
In this paper, we studied how far the monetary policy in Algeria is submitted to mathematical rules, and if the Bank of Algeria really adopt the augmented Taylor rule in the inflation targeting process and its effectiveness. We concluded that the latter is ineffective and that the Taylor rule does not explain the behavior of monetary policy in Algeria due to the absence of the success factors, such as a high degree of transparency and accountability about monetary policy, in addition to the credibility of the central bank and its independence from all pressures that would deviate monetary policy from the desired objectives.
Keywords
Taylor rule ; Exchange rate ; Monetary policy ; Inflation targeting
Les articles similaires
Cheddad Azzeddine
.
Mkidiche Mohammed
.
pages 202-216.
Cheddad Azzeddine
.
Mkidiche Mohammed
.
pages 105-117.
Zahaf Youcef
.
Chibi Abderrahim
.
pages 392-407.
Mokhtari Adel
.
Benelbar M'hamed
.
Bendakfel Kamel
.
ص 212-230.
