The impact of time lags of monetary policy transmission channels on the aggregate investment in Iraq For the period 2005-2020

Abstract

The phenomenon of time lags is considered to be one of the obstacles that encounters monetary policy which may be long or short according to the economic circumstances of the countries. It contains two aspects: the one which is related to the appropriate timing where right procedures are taken place for the modifications of the track economic achievement. The other aspect is the time required for the manifestation of these procedures in the macroeconomic variables including the function of aggregate investment. The research dealt with measuring the effect of the time lags of monetary policy channels on aggregate investment in Iraq for the period (2005-2020) for quarterly data using the auto-regressive distributed lag. A significant effect of the time regression of the monetary policy channels on the aggregate investment function, the results of the estimation showed that there is a significant effect of the time regression of the monetary policy channels on the aggregate investment function.