چكيده فارسي :
The monetary policy in Iraq is aiming to use intermediate nominal anchor in order to achieve its goals with a less financial cost and time, as well as its total suitability. It also trying to achieve the goal of protecting the economy from the volatility as considered it is always the goal and the hinge of the monetary policy. It has been moving, since the 1990s, to use a very short-run interest rate, installing a substitute to the monetary aggregates (Money Supply) for theoretical and practical reasons relating to the instability of the money demand function, and the expansion of: the financial instruments and the participants in the impact upon the money supply, and Taylor rule has been adopted as an approach targeted by the monetary authorities of the developed and developing countries or at least seeking to target it as the Central Bank of Iraq is announcing.
