تأثير صدمات السياسة النقدية و المالية على النشاط الإقتصادي الجزائري خلال الفترة 1990-2015

Abstract

This research focuses on the macroeconomic effects of monetary and fiscal policy shocks in algeria using a structural vector autoregression (svar) approach. we use annual data covering(1990-2015 ) period, where the results of the study showed than weak immunity for the monetary and fiscal policy in the face of external shocks (oil price shocks), as well as the weak capacity policy for fiscal policy in algeria to influence on economic variables, where fiscal policy nature keynésienne applied by the authorities by raising public spending in order to raise national production, It did not have any impact serve this perspective, As we noted also the considerable Response of economic activity To changes In the money supply (monetary policy) Compared with its response To changes in fiscal policy tools, Despite the enormity of the finance resource, Companies has not been able to raise Their products, Which lead to the weakness of the effect of government multiplier, What resulted the Converting these amounts to the creation of infrastructure and the increase in merchandise imports only.