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Impact Of Unconventional Financing On Economic Growth And Inflation In Algeria

Author

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  • Hanya KHERCHI MEDJDEN

    (National School of Statistics and Applied Economics Kolea (Algeria))

  • ELMAHDI MEZIANI

    (National School of Statistics and Applied Economics Kolea (Algeria))

Abstract

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).

Suggested Citation

  • Hanya KHERCHI MEDJDEN & ELMAHDI MEZIANI, 2023. "Impact Of Unconventional Financing On Economic Growth And Inflation In Algeria," International Journal of Economic Performance (IJEP), ALPEC The performance of Algerian economic institutions in light of international economic mobility , Boumerdes University, vol. 6(2), pages :495-519, December.
    • Handle: RePEc:bjm:ijep00:v:6:y:2023:i:2:id:288
    DOI: 10.54241/2065-006-002-026
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