The relationship between the consumer price index and macroeconomic policy variables in North African countries (2001-2020)

Authors

  • Ibrahim Rebahi University of Mohamed Boudiaf, Msila, Algeria
  • Abderraouf Hamani University of Yahia Fares Medea, Algeria

Keywords:

Government spending, Monetary expansion, The consumer price index, Cointegration, Stability

Abstract

This research paper deals with the relationship between the consumer price index and the macroeconomic policy variables (LG, M2 and EXCH), in the North African countries (Algeria, Tunisia, Egypt and Morocco), in the period (2001-2020). The study relied on the Panel Vecm model in order to show this relationship in the long and short run. This study was found that there is at least one cointegration relationship, through tests of (Pedroni, Kao and Johanssen), the stability of the variables in the first differences, and the rate of return to equilibrium was determined, which was estimated at 3.5% per year, which showed the extent of the weakness of the economies of the selected countries in fixing the various imbalances that occurred.

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Published

2024-09-14

How to Cite

Rebahi, I., & Hamani, A. (2024). The relationship between the consumer price index and macroeconomic policy variables in North African countries (2001-2020). International Journal of Economic Perspectives, 18(8), 1219–1234. Retrieved from http://ijeponline.org/index.php/journal/article/view/626

Issue

Vol. 18 No. 8 (2024)

Section

Peer Review Articles
Copyright & Licensing

Copyright (c) 2024 Ibrahim Rebahi, Abderraouf Hamani

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