Beam Journal of Economic Studies
Volume 1, Numéro 1, Pages 9-21
2017-03-15

The Impact Of Monetary Policy On Economic Growth Of Algeria

Authors : Bouchetara Mehdi . Bendahmane Med El Amine .

Abstract

This research paper focuses on the impact of monetary policy on GDP. GDP definitely is affected by the state's monetary policy. Research papers by various authors have been studied in this context to prove the hypothesis and after a thorough analysis using regression analysis technique, it was observed that the relationship between the two exists. The data of Algeria from 1990 to 2012 have been used to get the conclusion. The study proved that monetary policy significantly affects the GDP of an economy obviously various unknown factors also affect GDP. The growth of the money supply has a huge impact on GDP. The research study can also be used for development projects for the growth of the economy, improving the quality of household production, the underground economy, health and life expectancy, environmental, political immunity.

Keywords

Monetary policy, Gross Domestic Product, Inflation, Money supply, Oil, Algeria .