THE IMPACT OF MONETARY POLICY ON THE INDICATORS OF ECONOMIC STABILITY IN IRAQ FOR THE PERIOD (2005-2015)
This study aims to show the importance and role of monetary policy in Iraq and analyze and measure the relationship between monetary policy and economic stability indicators in Iraq using econometric models, and using the Autoregressive Distributed Lag ARDL model and the Bound Test The relationship between the selected indicators (consumer price index) as a dependent variable and (money supply, GDP, interest rate and exchange rate) as independent variables, was measured for the period 2005-2015. As a result, the study reached the most important results of the positive relationship between the general level of prices, money supply, and GDP with a direct relationship compatible with economic theory, and a negative relationship between the general level of prices, interest rates and the exchange rate, which requires the effective use of monetary policy tools within the Iraqi economy.
economic stability, monetary policy, money supply, exchange rate, ARDL