The effect of the intermediate objectives of the monetary policy on the monetary variables in Algeria)Cash Offer Model(

Abstract

Monetary policy is considered one of the basic policies in achieving economic stability in any country in the world. The nature of the use of this policy differs from one country to another, and its purposes also differ according to the circumstances of each country. There are many purposes of monetary policy that differ according to the economies of the countries. Some countries direct their monetary policy to address inflation, and thus price stability. And some of them direct their policy towards the stability of financial markets and the stability of currency exchange markets, and other goals such as achieving economic growth, achieving high levels of employment, etc. In order to achieve the objectives of macroeconomic and economic development.

      The money supply is the main tool used by the monetary authority represented by the central bank in directing its monetary policy towards achieving internal and external stability of the economy, through its effect on economic variables. The effects of money supply on these variables have great importance in guiding monetary policies.