2001-2015 ‫السياسة‬‫النقدية‬ ‫ك‬‫آ‬‫لية ل‬‫إستهداف‬ ‫التضخم‬ ‫في‬ ‫الجزائر‬ ‫دراسة‬‫ قياسية‬ ‫للفترة‬ ‬

Abstract

Price stability is among the most important objectives of different countries across their global policy, particularly monetary policy. Thus, since the beginning of the 1990s, several countries have adopted the inflation targeting system, considered as a framework for analyzing inflation Monetary Policy. Through this study; we tried to know the influence of politics monetary on the control of inflation rates in Algeria and consequently the application of the inflation targeting policy. We can say that it is impossible to apply the inflation targeting policy in Algeria in the absence of initial conditions and essentially the independence of the central bank. We have also noted that Algerian monetary policy plays a more or less relative role in the control of inflation rates, because inflation in Algeria is not only monetary inflation, but also depends on structural reasons such as the impact of the parallel market and external factors such as as imported inflation and others, When a standard study was carried out on the basis of three variables, the M2 money supply, the required reserve rate and the inflation rate during the period 2000- 2015, it can be said that monetary policy has not been able to target inflation. Target the most important among them is the absence of a stable relationship between the tools of monetary policy and the inflation rate as well as the multiplicity of objectives.