The existing facilities of the Central Bank of Iraq and their role in achieving monetary stability for the period(2004-2021)/Analytical study

Abstract

To demonstrate the role of the existing facilities of the Central Bank of Iraq in monetary stability as one of the important tools of the newly developed monetary policy of Iraq during the period (2004-2021), four main models were estimated for the relationship between the monetary stability coefficient and the variables of monetary policy (traditional and newly developed) in linear and non-linear formulas and according to the backward stepwise regression estimation method. The results of the economic, statistical and standard analysis of these estimated models showed that the third-step model for the first monetary stability coefficient in the linear formula is the best, as the value of (R-2) indicated that about (44.3%) of the changes in the monetary stability coefficient were caused by the variables of monetary policy in the model