IMPACT OF UNCONVENTIONAL FINANCING ON ECONOMIC GROWTH AND INFLATION IN ALGERIA

Autor:	Hanya KHERCHI MEDJDEN, ELMAHDI MEZIANI
Jazyk:	Arabic<br />English<br />French
Rok vydání:	2023
Předmět:	SVAR unconventional monetary policy impulse responses short-run and long-run restrictions Commercial geography. Economic geography HF1021-1027 Marketing. Distribution of products HF5410-5417.5
Zdroj:	المجلة الدولية للأداء الاقتصادي, Vol 6, Iss 2 (2023)
Druh dokumentu:	article
ISSN:	2661-7161 2716-9073
Popis:	The objective of this study is to investigate the impact of unconventional monetary policy on inflation and economic growth in Algeria. To investigate this impact, we estimated a SVAR model, covering the period from 2006 to 2022 using quarterly data. The originality of this study is the use of the estimated dynamic effects of shocks (stylized facts) as a benchmark for assessing the effectiveness and pass-through of unconventional policies. Our results show that the shock induced by unconventional monetary policy is not transmitted to inflation, neither in the short run nor in the long run, even under theoretical restrictions. In addition, unconventional monetary shocks have no effect on real variables (economic growth).
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/e26f71a827b0480092ee33e479c0f41a Zobrazit plný text záznamu View record in DOAJ