Monetary Policy Rule and its Performance under Inflation Targeting in Algeria

Azzedine Cheddad and Mohammed Mekidiche
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Azzedine Cheddad: University Centre of Maghnia (Algeria)
Mohammed Mekidiche: University Centre of Maghnia (Algeria)

IJEP, 2023, vol. 6, issue 1, Pages : 105-117

Abstract: The aim of this study is to reassess the efficacy of inflation targeting in Algeria by utilizing the Autoregressive Distributed Lag Bound Test (ARDL) model to analyze the Taylor rules. Our findings reveal that the implementation of inflation targeting in Algeria's monetary policy does not yield a significant immediate impact on inflation. Nonetheless, there is evidence of a gradual adjustment towards attaining the targeted inflation rate over time.

Keywords: Monetary Policy; Inflation Targeting; Taylor rules; ARDL model (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bjm:ijep00:v:6:y:2023:i:1:id:25

DOI: 10.54241/2065-006-001-007

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