The Role of Monetary Policy in Achieving Stability in Inflation and The Exchange Rate in Iraq for The Period (2004-2020)

Abstract

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This research aims to identify the role of monetary policy in achieving stability in inflation and the exchange rate in Iraq for the period (2004-2020). Through the Fully Modified Ordinary Least Square (FMOLS) models, the Dynamic Ordinary Least Square (DOLS) model, and the Conical Cointegration Regression (CCR) model. According to the outputs of the EVIEWS econometrics program for the time series of the variables adopted in the research in order to measure the relationship between the variables, we will apply one of the co-integration tests, the role of monetary policy in achieving stability in inflation and the exchange rate in Iraq for the period (2004-2020), according to the co-integration test For the least squares of the three models which are the fully modified ordinary least squares model (FMOLS), the dynamic ordinary least squares model (DOLS), and the conical co-regression (CCR) model. According to the outputs of the EVIEWS econometrics program for the time series of the variables included in the model.