les cahiers du mecas
Volume 22, Numéro 1, Pages 113-132
2026-06-02

The Impact Of Monetary Policy On Economic Growth In Algeria(1980 – 2024 ) : Is There An Asymmetric Effect? An Econometric Study Using The Nardl Model.

Authors : Kara Brahim .

Abstract

Abstract This study examines how monetary policy variables impacted Algeria's economic growth during the period ( 1980 – 2024 ) , employing the nonlinear autoregressive distributed lag (NARDL) method One of the most noteworthy conclusions drawn from cointegration test results is that monetary policy variables—real interest rate, nominal exchange rate, and money supply—have an impact on economic development over time. However, testing for asymmetric effects showed that monetary policy had no asymmetric effect on growth. These results offer strong support for the monetarist school of thought.

Keywords

Monetary policy ; , Economic growth ; NARDL model ; Algeria