Monetary reforms in Algeria and their implications for Kaldor square variables in light of development programs (2000-2023)

Abstract

This study aims to provide a general diagnosis of the monetary reforms in Algeria (2000-2023), and to identify their most important repercussions, especially concerning the coordinates of the major axes of economic policy (Kaldor square variables), which are difficult to achieve at the same time due to their conflict in the short term. However, the matter is Possible in coordination with other policies in the long term. We relied on the descriptive analytical method following the nature of the study.

We reached a set of results stating that monetary policy was able to control inflation rates within acceptable limits, as well as reduce unemployment rates, with slow economic growth rates and a noticeable decline in the current account deficit after 2020. It has become clear and profound that all economic variables in Algeria are essentially linked. With public spending, the latter is subject to variables in international fuel markets.