Inflation Dynamics in Algeria

Mehibel, Samer; Belarbi, Yacine

doi:10.22610/jebs.v9i6.2014

Cited by 2 publications

(1 citation statement)

References 8 publications

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“…Concerning the explanatory variables, the analysis reveals that ER has a significant positive association with CPI in Algeria, Egypt and Tunisia. This result is consistent with ross Mokhtar and Sowaidi (2004), Helmy et al (2018), Mehibel and Yacine (2018), Solieman and El-Naggar (2018), Mouhcene and Manaa (2019), Ali (2021), Dekkiche (2022) and Laourari and Abderrahim (2022). They found that the nominal effective exchange rate determines inflation variations, thus, the effect of a depreciation/devaluation of the domestic currency has a greater impact on inflation than on import prices.…”

Section: Resultssupporting

confidence: 85%

Modelling Inflation Dynamics and Global Oil Price Shocks in OAPEC Countries: TVP-VAR

Elsherif

2024

IJEEP

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This paper aims to examine the dynamic pass-through effect of oil price shocks on inflation in OAPEC countries using quarterly data ranging from 1990:Q1 to 2022:Q4. The incorporation of the TVP-VAR model along with the Markov Chain Monte Carlo method with stochastic volatility estimation offers a robust framework for capturing the time-varying nature of the relationship. Additionally, the analysis of the Impulse Response Function provides valuable insights into the short-term and long-term dynamics following oil price shocks. The results demonstrate a significant positive pass-through effect of oil prices on inflation in the sample member states, with heterogeneous magnitude and persistence. These variations are attributed to diversity in oil dependency, exchange rate regimes, monetary policy frameworks and the degree of openness to global markets. The study suggests the need for effective inflation management strategies and appropriate policy responses to oil price fluctuations. Furthermore, policymakers may consider adjusting exchange rates, interest rates, or trade policies to manage inflationary pressures effectively.

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Section: Resultssupporting

confidence: 85%

Modelling Inflation Dynamics and Global Oil Price Shocks in OAPEC Countries: TVP-VAR

Elsherif

2024

IJEEP

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Study of the Standard Relationship between the Money Supply and the Exchange Rate in Algeria during the Period (1990/2020)

Aid,

Benelbar

2023

FMIR

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This study aims to examine the relationship between the money supply and the exchange rate in Algeria between 1990 and 2020. We analyze the economic conditions that characterized this period, including the shift from a directed economy to a market economy, as well as Algeria's participation in the International Monetary Fund and World Bank programs. To understand the impact of the exchange rate on the money supply in the short and long term, we utilize the Engel-Granger co-integration method. We employ (Auto Regressive Distributed Lag/ARDL) model to measure the relationship between the two variables. Our findings indicate that there is a statistically significant positive effect of the money supply on the exchange rate at a 1% significance level (P=0.001 < 0.01). The limits tests for co-integration through F-statistic also indicate co-integration between the exchange rate and money supply, aligning with economic theory. During the post-reform period (2000-2014), we observe that net foreign assets played a marginal role in covering the monetary mass compared to state and economy loans, which continuously increased, particularly since 2009. It is important to note that our study relies on comprehensive and reliable data from official sources that collect economic data in Algeria. Additionally, economic assumptions may impact our results and may not be applicable in all cases. Nonetheless, our study contributes to the existing literature on the relationship between the money supply and the exchange rate and sheds light on the specific case of Algeria.

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Inflation Dynamics in Algeria

Cited by 2 publications

References 8 publications

Modelling Inflation Dynamics and Global Oil Price Shocks in OAPEC Countries: TVP-VAR

Modelling Inflation Dynamics and Global Oil Price Shocks in OAPEC Countries: TVP-VAR

Study of the Standard Relationship between the Money Supply and the Exchange Rate in Algeria during the Period (1990/2020)

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