The Impact of Monetary Policy Indicators on Economic Growth in Iraq (2007-2022)

Abstract

This research aims to measure and analyze the impact of monetary policy indicators on the rate of economic growth in Iraq during the period (2007-2022). To know the impact of monetary policy in maintaining the economic indicators through which economic growth occurs. The research problem revolves around answering the following questions: Is there a relationship and mutual influence between monetary policy indicators and the rate of economic growth? What are the effects of reducing and rising monetary policy indicators on the Iraqi economy? What are the expected results of the impact of monetary policy indicators on the Iraqi economy? The researcher was able to develop a hypothesis that:(that monetary policy indicators had an impact on the high rate of economic growth in Iraq), The researcher relied on the descriptive and quantitative approach, so each of (broad money supply M2, exchange rate, interest rate) were independent variables and economic growth (GDP) is a dependent variable, and using the statistical analysis program (Eviews- 12), The Toda Yamoto causality model was used to solve the problem of the study, the researcher reached the following most important results: The monetary policy indicators did not have an impact on economic growth (GDP) except for the broad money supply index (M2) had a significant impact on economic growth (GDP) with a long-term complementary relationship due to the main common factor between them is oil revenues.