MEASURING AND ANALYZING THE IMPACT OF SOME MONETARY INDICATORS ON ACHIEVING ECONOMIC STABILITY IN IRAQ FOR THE PERIOD (2010-2024)
Keywords:
Monetary indicators, achieving economic stabilityAbstract
The research aims to measure and analyze the impact of some monetary indicators in achieving economic stability and the monetary indicators that have been focused on are the nominal interest rate, the real interest rate, the parallel exchange rate and the consumer price index. Either achieving economic stability, focusing on both the gross domestic product and the percentage of economic activities contributing to the Iraqi economy at constant prices. Spatial boundaries were represented in the data published by the Central Bank - Directorate General of Statistics and Research. The time limits of the search were a continuous time series of fifteen years from (2010- 2024) due to the availability of information and data on the variables of searching for the studied variables. The research reached several conclusions, the most important of which was that the reality of the Iraqi economy cannot control the growth of the money supply through its various tools, but pointed to the opposite, as growth rates were taken in some monetary indicators with increasing growth rates of public spending, which confirms the strength of the impact of the government demand function on money affected by government income from oil resources.
References
Angelopoulou, Eleni, Hiona Balfoussia, and Heather D. Gibson (2014). "Building a financial conditions index for
the euro area and selected euro area countries: What does it tell us about the crisis?" Economic Modelling, 38(3).
Banco de Portugal (2015). "ECB's unconventional monetary policy: what has been done and did it work?"
Special issue of the Economic Bulletin, pp. 27–45.
Bernanke ,Ben (2016). "Monetary Aggregates and Monetary Policy at the Federal Reserve: A Historical
Perspective". International Encyclopedia of the Social & Behavioral Sciences. 6(4)
Canzoneri, Matthew, Robert Cumby, and Behzad Diba (2015). "Monetary Policy and the Natural Rate of
Interest." Journal of Money, Credit and Banking, 47(2-3).
Fiorentini, Gabriele, Alessandro Galesi, Gabriel Perez-Quiros, and Enrique Sentana (2018). "The Rise and Fall of
the Natural Interest Rate." CEPR Discussion Papers 13042, C.E.P.R. Discussion Papers.
Garciga, Christian, Edward S. Knotek, and Randal Verbrugge (2016). "Federal Funds Rates Based on Seven
Simple Monetary Policy Rules." Economic Commentary, (July).
Gertler, Mark, Jordi Gali, and Richard Clarida (2019). "The Science of Monetary Policy: A New Keynesian
Perspective." Journal of Economic Literature, 31(5).
Hartmann, Philipp and Frank Smets (2018). "The first twenty years of the European Central Bank: monetary
policy." Working Paper Series 2219, European Central Bank.
Jahan ,Sarwat. (2021) "Inflation Targeting: Holding the Line". International Monetary Funds, Finance &
Development. 4(12)
Josef M. (2013), "FRB: Speech with Slideshow--Bernanke, Long-Term Interest Rates--March 1, 2013"..
www.federalreserve.gov.
Krippner, Leo (2013). "Measuring the stance of monetary policy in zero lower bound environments." Economics
Letters, 118(1), 135–138.
Levy Yeyati ,Eduardo; Sturzenegger ,Federico (2010). "Monetary and Exchange Rate Policies". Handbooks in
Economics. Handbook of Development Economics
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Yusra Rasim Jabbar
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
