Asymmetric Transmission of Monetary Policy through Interest Rate, Credit Volumes and Exchange Rate Channels Using Nonlinear Autoregressive Distributed Lags "NARDL" Method: Evidence from Algeria
| المصدر: | المجلة الدولية للأداء الاقتصادي |
|---|---|
| الناشر: | جامعة أمحمد بوقرة بومرداس - مخبر أداء المؤسسات الاقتصادية الجزائرية في ظل الحركية الاقتصادية الدولية |
| المؤلف الرئيسي: | Yahia, Amel (Author) |
| المجلد/العدد: | مج6, ع2 |
| محكمة: | نعم |
| الدولة: |
الجزائر |
| التاريخ الميلادي: |
2023
|
| الشهر: | ديسمبر |
| الصفحات: | 469 - 494 |
| DOI: |
10.54241/2065-006-002-025 |
| ISSN: |
2661-7161 |
| رقم MD: | 1438616 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Monetary Policy | NARDL | Monetary Policy Transmission Channels | Inflation | Gross National Product
|
| رابط المحتوى: |
| المستخلص: |
This article aims to study the effectiveness and symmetry of the transmission of monetary policy in Algeria through the channels of interest rates, credit, and exchange rates in both the short and long term, using the Nonlinear Autoregressive Distributed Lag (NARDL) method. The study of asymmetric effects of monetary policy channels on both output and prices stability is of paramount value for monetary policy analysis and implementation. The results have shown that the transmission of monetary policy in Algeria exhibits an asymmetric nature, except for the effect of bank lending interest rates on real gross domestic product and inflation and that the traditional interest rate channel is the most effective in transmitting the effects of monetary policy to real gross domestic product, while positive variations in credit volume are most effective in the long term, and negative changes in the exchange rate are the most efficient in the short-term concerning the transmission to inflation. |
|---|---|
| ISSN: |
2661-7161 |
عناصر مشابهة
-
Study of the Asymmetric Effects of the Determinants of Foreign Direct Investment in Algeria Using the Method of Nonlinear Autoregressive Distributed Lag NARDL During the Period 1970-2018
بواسطة: Khechiba, Zohra منشور: (2020) -
Determinants of Domestic Investment in Sudan: Empirical Assessment Based on an Application of the Autoregressive Distributed Lag "ARDL Model 1980-2014
بواسطة: Abouzeed, Badr Eldeen Abdalmalik Alhaj منشور: (2019) -
Measuring and Analyzing the Effect of Intermediate Channels of Monetary Policy on the Growth of the Iraqi Economy by Using Model Autoregressive Distributed Lag (ARDL) for the Period (2004-2017)
بواسطة: Al-Khaykanee, Nazar Kadhim Sabah منشور: (2019) -
Effect of Monetary Policy on Output and Inflation in Algeria through the Main Transmission Channels in the Period 1990-2018
بواسطة: Khelili, Fatma Zohra منشور: (2021) -
The Effect of Monetary Policy on Demand for Money in Algeria (1993 - 2013)
بواسطة: Sebti, Latifa منشور: (2016)
