Strategic cost management using the target cost technology. An analytical study of the mechanisms of monetary policy work according to a model of total balance in the Islamic economy

Abstract

This study sheds light on monetary policy in the Islamic economy, through addressing the concept of monetary policy, goals, and tools and to highlight the most important points of convergence and divergence with monetary policy in a positive economy, tracking the economic behavior and modeling these behaviors and effects in mathematical functions in the economy that is not a formula usurious, and then dealt to discuss the economic balance in an Islamic economy is closely determinants including: «income» and «return rate of participation» and «the proportion of charity». And analyze the impact of «monetary multiplier» and «financial multiplier» in activating the role of monetary policy was either a deflationary or expansionary. And show the possibilities of monetary policy in controlling the various imbalances (inflation and recession), through the analysis of their work, according to the development of Islamic economy and areas of effective mechanisms through graphic representation and economic analysis.