MEASURING AND ANALYZING THE IMPACT OF THE INFLATIONARY GAP OF THE MONETARY STABILITY COEFFICIENT ON THE EXCHANGE RATE IN IRAQ FOR THE PERIOD (2003-2020)
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Abstract
That the Iraqi economy suffers in most years of the study from a widening problem of the inflationary gap according to the monetary stability measure, as the main reason for the emergence of the inflation gap according to the monetary stability standard is due to the lack of a proportional relationship between the growth rate of the money supply and the growth rate of the gross domestic product, as well as the character of Iraq With economic openness to global markets after 2003, through which Iraq's oil exports rose as a result of lifting economic sanctions, the exchange rate policy is an important tool in linking the local economy with the global economy, as well as the exchange rate affects macroeconomic variables, and there is a reciprocal relationship between the gap inflation and the exchange rate.
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