Do the oil shocks have an effect on the objectives of monetary policy in Algeria?

عثماني أنيسة; موفق نصرالدين

Article Details

Do the oil shocks have an effect on the objectives of monetary policy in Algeria?

Authors:

عثماني أنيسة | موفق نصرالدين

Publisher:

Université Ferhat Abbas de Sétif 1

Journal:

مجلة التمويل والاستثمار والتنمية المستدامة Vol.6 Issue 2, pp.401-415

Document Type:

Article

Publication Date:

12/2021

Document Language:

English

Document ID (Org No.):

2001587416

pISSN:

2716-862X

Keywords:

Abstract:

 Abstract:
The purpose of this article is to analyze the impact of oil shocks on monetary policy objectives. Therefore, we conducted a study based on SVAR modeling applied to a series of quarterly data spread over the period 2001-2019.
The main results reveal a possible asymmetric link between the macroeconomic variables of monetary policy and variations in oil prices. Moreover, we note that monetary policy was able to be effective in the face of oil shocks between 1990 and 2001, whereas it had many limitations from 2002 to 2020.

Résumé:
L’objectif de cet article est d’analyser l’impact des chocs pétroliers sur les objectifs de la politique monétaire. De ce fait, nous avons mené une étude basée sur la modélisation SVAR appliquée à une série de données trimestrielles étalées sur la période 2001- 2019.
 Les principaux résultats dévoilent un éventuel lien asymétrique entre les variables macroéconomiques de la politique monétaire et les variations des prix du pétrole. De plus, on remarque que la politique monétaire a pu être efficace face aux chocs pétroliers entre 1990 à 2001, alors qu'elle a présenté beaucoup de limites de 2002 à 2020.

Article Details

Do the oil shocks have an effect on the objectives of monetary policy in Algeria?

Authors:

عثماني أنيسة | موفق نصرالدين

Publisher:

Université Ferhat Abbas de Sétif 1

Journal:

مجلة التمويل والاستثمار والتنمية المستدامة Vol.6 Issue 2, pp.401-415

Document Type:

Article

Publication Date:

12/2021

Document Language:

English

Document ID (Org No.):

2001587416

pISSN:

2716-862X

oil shock

monetary policy

inflation

GDP

Issues

Article Details

Do the oil shocks have an effect on the objectives of monetary policy in Algeria?

Authors: عثماني أنيسة | موفق نصرالدين

Publisher: Université Ferhat Abbas de Sétif 1

Journal: مجلة التمويل والاستثمار والتنمية المستدامة Vol.6 Issue 2, pp.401-415

Document Type: Article

Publication Date: 12/2021

Document Language: English

Document ID (Org No.): 2001587416

pISSN: 2716-862X

oil shock

monetary policy

inflation

GDP

Issues

Authors:

عثماني أنيسة | موفق نصرالدين

Publisher:

Université Ferhat Abbas de Sétif 1

Journal:

مجلة التمويل والاستثمار والتنمية المستدامة Vol.6 Issue 2, pp.401-415

Document Type:

Article

Publication Date:

12/2021

Document Language:

English

Document ID (Org No.):

2001587416

pISSN:

2716-862X