اثر استقلالية البنك المركزي على التضخم في العراق للمدة 2004-2019

Abstract

The importance of the research stems from the fact that the independence of the Central Bank is the basic condition for the possibility of preparing and implementing monetary policy plans and achieving its objectives, as independence gives the Central Bank greater freedom in its ability to make decisions, and better performance in the application of monetary tools, as the research problem is determined by the lack of clarity in the relationship between The monetary authority represented by the Central Bank of Iraq with the government, which results in the effects on achieving economic stability through inflation rates, as the researcher relied on the analytical method to identify and read the data based on the available statistics, and also used the standard approach to estimate the impact of the independence of the Central Bank on the inflation rate. Using the ARDL model. The most important conclusions that have been reached are: There is a long-term common integration relationship between the dependent variable inflation) and independent variables, as shown by the error correction parameter of (-0.33) which is moral at a probability level below (1%) and since the value of this parameter is negative and moral, which means the speed of adaptability between the short and long term, which means the existence of a common integration between the variable involved in the research. Keywords: Central Bank, Economic variables, Iraqi Economy