نماذج السياسات النقدية والمالية : مع تطبيق معادلة ( St.louis) على الاقتصاد العراقي للمدة (2003-2011)

Abstract

Abstract Sustainable output growth with the rate of inflation and exchange rates relatively stable, is one of the important elements of any policy, economic stability. In order to achieve this objective of the policy, there are two options alternatives; monetary policy and fiscal policy. This paper investigates the relative importance of monetary and fiscal policies in altering non oil real output of Iraq.An unrestriced vecor autoregressions (SVAR) framework , based on the St.Louis equation , is used to compute Variace Decompositions (VDCs) and impulse response functions (IRFs) . (IRFs) derived from the model (SVAR), and for the period (2003 -2011) quarterly data.