Analyzing the Money Demand Function in Iran
Demand for money is an important part of macroeconomic models and the monetary policy; furthermore, demand for money and its stability are important in an economy especially in the design of monetary policy. We estimate the Iran’s demand for money for period (1971-2008) using the autoregressive dist...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2009-06-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Online Access: | https://joer.atu.ac.ir/article_2901_8a46ee2909901458fd8a5634f32830ad.pdf |
| _version_ | 1797375732723220480 |
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| author | Nazar Dehmardeh Hamid Reza Izadi |
| author_facet | Nazar Dehmardeh Hamid Reza Izadi |
| author_sort | Nazar Dehmardeh |
| collection | DOAJ |
| description | Demand for money is an important part of macroeconomic models and the monetary policy; furthermore, demand for money and its stability are important in an economy especially in the design of monetary policy. We estimate the Iran’s demand for money for period (1971-2008) using the autoregressive distributed lag (ARDL) method. We also use the error correction model for short-run dynamic analysis and stability test in model. The explanatory variables include gross domestic product, inflation rate, and foreign exchange rate, short-run and long-run interest. The results show that there is a long-run equilibrium relationship between the variables. According to our finding , the gross domestic product have positive impact on the demand for money and exchange rate and inflation rate have significant negative effects on the demand for money in Iran. |
| first_indexed | 2024-03-08T19:28:38Z |
| format | Article |
| id | doaj.art-8bee8693f3c241a48378318a1b07c517 |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:28:38Z |
| publishDate | 2009-06-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-8bee8693f3c241a48378318a1b07c5172023-12-26T07:56:51ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532009-06-019331531692901Analyzing the Money Demand Function in IranNazar Dehmardeh0Hamid Reza Izadi1عضو هیأت علمی گروه اقتصاد دانشکده اقتصاد- دانشگاه سیستان و بلوچستانعضو هیأت علمی گروه اقتصاد دانشگاه دریانوردی و علوم دریایی چابهارDemand for money is an important part of macroeconomic models and the monetary policy; furthermore, demand for money and its stability are important in an economy especially in the design of monetary policy. We estimate the Iran’s demand for money for period (1971-2008) using the autoregressive distributed lag (ARDL) method. We also use the error correction model for short-run dynamic analysis and stability test in model. The explanatory variables include gross domestic product, inflation rate, and foreign exchange rate, short-run and long-run interest. The results show that there is a long-run equilibrium relationship between the variables. According to our finding , the gross domestic product have positive impact on the demand for money and exchange rate and inflation rate have significant negative effects on the demand for money in Iran.https://joer.atu.ac.ir/article_2901_8a46ee2909901458fd8a5634f32830ad.pdf |
| spellingShingle | Nazar Dehmardeh Hamid Reza Izadi Analyzing the Money Demand Function in Iran Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| title | Analyzing the Money Demand Function in Iran |
| title_full | Analyzing the Money Demand Function in Iran |
| title_fullStr | Analyzing the Money Demand Function in Iran |
| title_full_unstemmed | Analyzing the Money Demand Function in Iran |
| title_short | Analyzing the Money Demand Function in Iran |
| title_sort | analyzing the money demand function in iran |
| url | https://joer.atu.ac.ir/article_2901_8a46ee2909901458fd8a5634f32830ad.pdf |
| work_keys_str_mv | AT nazardehmardeh analyzingthemoneydemandfunctioniniran AT hamidrezaizadi analyzingthemoneydemandfunctioniniran |