Monetary Policy, Oil Prices and the Nominal and Real Sectors of the Iraqi Economy: Patterns New Evidence from the TSVAR

The research aims to study the impact of the positive and negative shocks of OPEC oil prices on the nominal sector (inflation)  and the real sector (economic growth) of the Iraqi economy Using the descriptive analytical approach of the theoretical framework, and using the structural autoregressive (TSVAR) model to assess the response of economic growth and inflation to the different time scale of oil price shocks. Separating the negative and positive shocks to test the economic extent of the interaction of growth and inflation differently. The study concluded that: There is an impact of the positive and negative shocks of OPEC oil prices on the nominal sector and the real sector of the Iraqi economy.
The research aims to study the impact of the positive and negative shocks of OPEC oil prices on the nominal sector (inflation)  and the real sector (economic growth) of the Iraqi economy Using the descriptive analytical approach of the theoretical framework, and using the structural autoregressive (TSVAR) model to assess the response of economic growth and inflation to the different time scale of oil price shocks. Separating the negative and positive shocks to test the economic extent of the interaction of growth and inflation differently. The study concluded that: There is an impact of the positive and negative shocks of OPEC oil prices on the nominal sector and the real sector of the Iraqi economy.