The effect of monetary policy lags in economic growth in Iraq for the period (2006-2018)

Abstract

The slowdown in monetary policy has an influential role in the effectiveness of the monetary policy. The longer the slowdown is, the change in monetary policy may not be as strong as the influence and effectiveness in monetary and real variables, which makes the impact on economic growth in front of major challenges that monetary policy should overcome, and the research started from the objective (Identifying the slowdown of monetary policy and the factors affecting it and measuring and analyzing the impact of the slowdown of monetary policy on economic growth), and that the research methodology has been based on the deductive method and the quantitative method to study and analyze the phenomena and facts about the problem under study.

The research concluded (that the effect of the slowdown of monetary policy on economic growth in Iraq was very weak in light of the weak effectiveness of monetary policy and channels of monetary transmission), while the research recommended (the importance of activating the role of monetary and financial markets, restoring confidence in the banking system, and following up on the implementation of the Central Bank’s initiatives Iraq's aim to increase the rate of economic growth).