Monetary Policy Rule and its Performance under Inflation Targeting in Algeria

Cheddad Azzeddine () and Mekidiche Mohammed ()
Additional contact information
Cheddad Azzeddine: University Centre of Maghnia
Mekidiche Mohammed: University Centre of Maghnia

Post-Print from HAL

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 JEL Classification Codes: C22 E17 E43 E52 E58; Monetary Policy; Inflation Targeting; Taylor rules; ARDL model JEL Classification Codes: C22; E17; E43; E52; E58 (search for similar items in EconPapers)
Date: 2023-06-04
New Economics Papers: this item is included in nep-ara, nep-cba, nep-ger and nep-mon
Note: View the original document on HAL open archive server: https://cnrs.hal.science/hal-04183408v1
References: Add references at CitEc
Citations:

Published in International Journal of Economic Performance - المجلة الدولية للأداء الاقتصادي, 2023, 06 (01)

Downloads: (external link)
https://cnrs.hal.science/hal-04183408v1/document (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:hal:journl:hal-04183408

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().