اثر استقلالية البنك المركزي العراقي على بعض المتغيرات الاقتصادية للمدة 1991- 2014

The subject of the independence of the Central Bank is one of the topics of interest to a lot of economic studies. Despite the fact that this subject has provoked controversy because of the high rates of inflation in the seventies and eighties which led to enormous changes in the framework of monetary policy in many countries. The problem of the study (The law of some central banks defines several objectives for its monetary policy, along with price stability, whereof weakening the role of central banks in achieving their objectives). In addition, the government intervention in the monetary policy of the independent central banks will negatively affect economic activity in general and on the total economic variables in particular. ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ (*) جزء مستل من رسالة ماجستير للباحث الثاني . The study concludes that the Central Bank which its law has a single goal to maintain the stability of the price level can be achieved and inquired by the legislative authorities. The study also reaches that there is an indirect reverse relationship is between independence and the nominal interest rate and there is a positive relationship between independence and the real interest rate