دراسات اقتصادية
Volume 12, Numéro 1, Pages 312-330
2025-06-01
Authors : Bouziane Mohammed . Ayache Zoubeir .
This study aims to analyze the impact of monetary policy on the stability of money supply in Algeria during the period 2010-2021 using Principal Component Analysis (PCA). The analysis results indicate that two main factors explain most of the variations in the studied variables: the first factor is associated with liquidity and macroeconomic conditions, while the second factor is more closely linked to inflation and economic growth. The study also concludes that Algeria’s monetary policy has been affected by an imbalance in its instruments, where expansionary policies have contributed to rising inflation and weak economic growth. Therefore, adopting more balanced monetary strategies is necessary to ensure macroeconomic stability and enhance the effectiveness of monetary policy tools.
Monetary policy, money supply, principal component analysis, economic stability.
Mahfoudi Ibrahim El Khalil
.
pages 27-45.
Mokhtari Adel
.
Benelbar M'hamed
.
ص 1-20.
Mokhtari Adel
.
Benelbar M'hamed
.
Bendakfel Kamel
.
ص 212-230.