IMF Staff Country Reports

Algeria: Selected Issues

May 18, 2016

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Algeria: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 25, 2024

Summary

This paper develops a structural macroeconomic model for Algeria that can help inform the discussion of the policy choices faced by the authorities. The model captures the core dynamics of Algeria’s macro-economy and provides an organizing framework for forecasting and policy analysis that can facilitate an assessment of the optimal policy responses to oil shocks and the implications for macroeconomic stability. This paper also examines Algeria’s main subsidies and proposes reform strategies, drawing on cross-country experiences, and discusses the channels through which a prolonged period of low oil prices may affect the banking sector, together with the policies needed to mitigate emerging financial stability risks.

Subject: Banking, Commercial banks, Consumption, Energy subsidies, Expenditure, Financial institutions, Inflation, National accounts, Oil prices, Prices

Keywords: Asset quality, Breakeven price, Commercial banks, Consumption, CR, East Africa, Energy subsidies, Exchange rate depreciation, Fiscal consolidation strategy, Global, Import price Phillips curve, Inflation, ISCR, Market import price, Middle East, Middle East and Central Asia, North Africa, Oil price shock, Oil prices, Price, Price fluctuation, Rating methodology, Sequence price, Subsidy, Subsidy reform

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/128

  • Stock No:

    1DZAEA2016002

  • ISBN:

    9781484358351

  • ISSN:

    1934-7685