Analysis of the impact of monetary policy on Iraqi economic activity(An econometric study)

Abstract

The study explained, monetary policy, and the extent of its impact on the economies of the world in general and the Iraqi economy in particular, and the stages of the history of the development of monetary policy and its role in the nature of economic activity, as well as identifying the gross domestic product as it represents the basic criterion in Iraqi economic activity, through its definition And measured, and the research dealt with the impact of monetary policy analysis on Iraqi economic activity as an econometric study, based on the statistical program Aviose, starting with the normal distribution of variables and the Durbin-Watson test, and showing the impact and correlation of the effectiveness of monetary policy in the short and long term through the unit root model and the Johansen co-integration test, depending on Central Bank of Iraq data for the period(2004-2022).

The study showed that the problem of the research is the nature of drawing up the appropriate and influential monetary policy in the activity of the Iraqi economy, which therefore represents, if successful, the main goal in achieving economic stability through the role played by monetary policy in economic activity, and assuming the existence of an influential relationship between them.

Key Words: monetary policy, gross domestic product, unit root, Johansen.