عرض النقود وأثره على معدل النمو في الجزائر 2021/ الفترة من: 2020

Abstract

The issue of money supply is one of the most important economic topics, which have received the attention of many thinkers at the theoretical and practical levels, because of the prominent and effective role that money supply plays in achieving economic stability, as it affects many macroeconomic variables such as GDP and inflation, and for this reason Monetary authorities in various countries are of great importance to the money supply and the regulation of its issuance in line with the established economic goals, which requires that the monetary authority track the money supply and the factors that can affect it, because the money supply circulating in the economy is a product of the overlap of several decisions and behaviors of economic units from a monetary authority. Commercial banks and the public (individuals and institutions), and this research came to highlight the importance of money, which is the basis of the process of the monetary and financial system, and the growth rate is an integral part of it, although each of them has a role in improving the economic system of the state. Money and the growth rate, and our study found that there is a causal relationship between money supply and the trend of GDP, that is, the change in money supply in the broad sense It causes a change in GDP in the short run, and a co-integration relationship at a significant level of 5%, because the effect value is greater than the critical values, and this means that there is a long-term equilibrium relationship between GDP and money supply in the long run.