Quantitative Easing as a Mechanism for Non-Traditional Monetary Policy and Implications of its Adoption in the Algerian Economy: Econometric Study using the ARDL Model

Salah Ayadi () and Abdelaouahed Serarma
Additional contact information
Salah Ayadi: Larbi Ben M'hidi University, Oum El Bouaghi (Algeria)
Abdelaouahed Serarma: Larbi Tebessi University of Tebessa (Algeria)

Management & Economics Research Journal, 2019, vol. 1, issue 4, 120-140

Abstract: This study aims to identify some concepts related to non-traditional monetary policy instruments, including the quantitative easing tool, and discuss the main reasons for Algeria's adoption of this instrument. The study concluded that the adoption of the policy of quantitative easing in Algeria is not to affect economic variables but to finance the budget deficit. In order to estimate the impact of monetary issuance on economic growth for 2003Q1-2018Q4, the ARDL model was used, where the results resulted in a direct relationship between M2 and GDP.

Keywords: Unconventional Monetary Policy; Quantitative Easing; Monetary Issuance; Budget Deficit (search for similar items in EconPapers)
JEL-codes: C51 E52 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://mer-j.com/merj/index.php/merj/article/view/65 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alv:journl:v:1:y:2019:i:4:p:120-140

DOI: 10.48100/merj.v1i4.65

Access Statistics for this article

Management & Economics Research Journal is currently edited by Mohammed Benmoussa

More articles in Management & Economics Research Journal from Faculty of Economics, Commercial and Management Sciences, Ziane Achour University of Djelfa Contact information at EDIRC.
Bibliographic data for series maintained by Chihab Ilimi ().