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 | Zendy

Salah Ayadi | Zendy; Abdelaouahed Serarma | Zendy

Open Access

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

Author(s) -

Salah Ayadi,

Abdelaouahed Serarma

Publication year - 2019

Publication title -

management and economics research journal

Language(s) - English

Resource type - Journals

eISSN - 2710-8856

pISSN - 2676-184X

DOI - 10.48100/merj.v1i4.65

Subject(s) - quantitative easing , economics , monetary policy , order (exchange) , econometric model , monetary economics , macroeconomics , affect (linguistics) , quantitative assessment , central bank , econometrics , finance , management , linguistics , philosophy

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.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research