The impact of monetary policy on reducing unemployment in Iraq for the period (2023-2010)
Muhammad Ahmed Jassim Al-Abbasi
The current study aimed to identify the impact of monetary policy on reducing unemployment in the Iraqi economy during a specific period of time, which was determined from (2010-2023). The analytical and analogical approach was used to test the study hypothesis and identify the effect of the independent and dependent variables, relying on the statistical analysis program EViews10. At the beginning of the study, the general framework of the study was identified by knowing the problem of the study and then determining the importance and objectives in addition to setting the study hypothesis. In the theoretical framework, the concept of monetary policy and its tools was reviewed, it touched on the concept of unemployment and its types, in addition to the practical part of the study, where the standard model of the study was first identified and then the practical application was carried out. The study reached several conclusions, the most prominent of which is: Monetary policy should enhance economic stability by controlling unemployment rates and economic growth in a balanced manner to support the labor market and stimulate the creation of new job opportunities. Monetary policy must take measures to create an attractive investment environment that encourages investments in sectors with the potential to create new job opportunities and promote economic growth, monetary policy should support education and vocational training programs to develop workers’ skills and increase job opportunities for young people and job seekers. The relationship and impact of monetary policy on unemployment was reached based on the statistical study model, such that 67% of the change in unemployment is caused by monetary policy variables. The study showed the effectiveness of monetary policy on unemployment rates in Iraq, which indicates the internal and external factors of this relationship.
Muhammad Ahmed Jassim Al-Abbasi. The impact of monetary policy on reducing unemployment in Iraq for the period (2023-2010). Int J Foreign Trade Int Bus 2024;6(2):18-26. DOI: 10.33545/26633140.2024.v6.i2a.111