The money supply as a mechanism for managing aggregate demand in light of economic fluctuations. Standard study of the case of Algeria during the period 1980-2021 دراسة قياسية لحالة الجزائر خلال الفترة 2021-1980 المعروض النقدي كآلية لإدارة الطلب الكلي في ظل التقلبات الاقتصادية

Abstract

This study aims to measure the impact of the development of the money supply on the components of aggregate demand in Algeria during the period 1980-2021 by using the autoregressive ray model "VAR" to know the importance of the money supply in managing aggregate demand and dealing with economic fluctuations. Where the study was divided into two axes, the first dealt with the intellectual rooting of the role of demand management in addressing economic cycles and achieving economic stability, and the second dealt with an econometric study of the case of Algeria, where the results showed that the shock of the money supply led to large fluctuations in the response of the components of aggregate demand, the most severe of which was government spending, then investment and imports and the least Exports and consumption, and in the long run the response was negative for all components.