Fiscal Dominance and Monetary Policy Effectiveness in a Resource Dependent Economy: An Econometric Analysis of Algeria (2020 - 2025)
This article examines whether fiscal dominance attenuates monetary policy transmission in Algeria, a hydrocarbon dependent economy, during the period 2020-2025. The study combines a macro-structural overview for 2020-2025 with a monthly reduced form investigation for January 2022 to December 2024. Fiscal dominance is p...