مجلة الأصيل للبحوث الاقتصادية والإدارية
Volume 9, Numéro 1, Pages 25-48
2025-04-30
Econometric Estimation Of Money Demand Function Algeria Case.
Authors : Bouhelais Mohamed Khalil .
Abstract
The objective of the study is to estimate the money demand function in Algeria through the Autoregressive Distributed Lag (ARDL) model to study its long-term stability. Research on the Determinants of Money Demand — stimulates over Economic Data (1990 — 2023) were based on four main variables, namely, Real GDP (RGDP), Inflation Rate (INF), Real Exchange Rate (EX), and Nominal Interest Rate (IR). The results proved the existence of a long run relationship between the independent variables and money demand, and representing the existence of some independent variables who have important effects on the money demand functions at Algeria. Furthermore, the application of cointegration tests revealed that there existed an equilibrium association between the identified economic factors and Broad Money (M2), which lent credence to the hypothesis concerning the long-run constancy of the money demand function.
Keywords
Money Demand Function ; Monetary Policy ; Broad Money ; Algeria Economic Data ; ARDL Model
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