The Role of Macroeconomic Policies (Monetary and Fiscal) to address Disparities in Income Distribution and Poverty Reduction and their Reflection on Economic Growth In the Iraqi Economy for the Period (1996-2019)

Abstract

The research aims to demonstrate the role of macroeconomic policies (monetary and fiscal) to address the effects of disparities in income distribution and poverty reduction and the extent of their success or lack thereof in achieving acceptable economic growth rates in the Iraqi economy through financial policy tools (public revenues and public expenditures) as well as monetary policy and its tools represented In this research, a wide criticism is presented (M2), using the descriptive and analytical approach to the research variables, The results showed that the economic and political shocks that the Iraqi economy faced during the period of research (1996-2019) was the reason behind the inefficiency in the performance of monetary and financial policy work, which reflected negatively on the disparity in the distribution of income between individuals on the one hand and increased poverty rates in Iraq, which reduced From the positive impact of these macro-policies on economic growth, and that the relationship between the money supply (M2) and the Gini coefficient witnessed a fluctuating relationship during the research period, while the money supply relationship (M2) has a positive relationship with the poverty line for the period (1996-2014). (2015-2019), it witnessed a clear fluctuation between the wide money supply (M2) and the absolute poverty line in the Iraqi economy a a result of the conditions that the country went through during this period