The monetary policy instruments and inflation, analysis with a structural break: an application to Algeria

Autor: Mustapha Djaballah
Rok vydání: 2022
Předmět:
Zdroj: Studies of Applied Economics. 40
ISSN: 1697-5731
1133-3197
DOI: 10.25115/eea.v40i3.6931
Popis: This paper aims to study the development of inflation in the Algerian economy through monetary policy in addressing this phenomenon, and the data includes annual data covering the period from 1970 to 2019., based on macroeconomic variables which expose the relationship between the inflation and monetary policy instruments , the econometric study based on structural break cointegration , using a structural break tests such as Zivot and Andrews(1992) and Gregory-Hansen(1996) to estimate this relationship we used the cointegration methods “ FMOLS, DOLS, CCR” these estimation methods had allowed us to note that the treatment of inflation in Algeria is not based not only on monetary tools
Databáze: OpenAIRE