Abstract
This paper examines the impact of inflation on economic growth between 1970 and 2020 using ARDL model. The results confirm a negative relationship between inflation and economic growth both in the short-term and in the long-term. We also found that money supply negatively affects economic growth in the long-term while it is fragile in the shortterm. However, the exchange rate has a negative and insignificant impact on economic growth both in the short-run and in the long-run. Therefore, it is necessary to apply some recommendations to fight inflation by trying to moderate it which increases productivity and consequently affects economic growth positively.
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