إشكالية الطلب على النقود وعجز الموازنة

Abstract

This study aimed at measuring the impact of the demand for money and the deficit of the State's general budget. We took Algeria as an example of the study through a standard study of annual data from 1993 to 2021 to achieve this. Target The ARDL distributed self-degradation model was used based on several variables (rates of inflation, budget deficit rates, real exchange rates, petroleum prices, crude domestic product) Explaining the dependent variable the budget deficit, stability tests, joint integration, error correction model, and structural stability were applied to the variables. The results indicated that the variables have a long-term integration relationship. Finally, we concluded that during our study period there was a long-term equilibrium relationship that tends from the explanatory variables towards the dependent variable according to ARDL methodology