A Structured Vector Autoregressive (VAR) for Iranian Economy
This paper is based on a cointegrated I(2) and I(1) variables models money, price, output, real effective exchange rate and interest rates in Iran over period 1990 quarter 1-2006 quarter 4. The empirical findings demonstrated long-run homogeneity between price and money was broken down and the hypot...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2010-03-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Online Access: | https://joer.atu.ac.ir/article_2795_07de687c4689749f7a2fa48587891934.pdf |
| _version_ | 1797375743918866432 |
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| author | Nasser Khiabani Jamshid Pajuyan Akbar Komeyjani |
| author_facet | Nasser Khiabani Jamshid Pajuyan Akbar Komeyjani |
| author_sort | Nasser Khiabani |
| collection | DOAJ |
| description | This paper is based on a cointegrated I(2) and I(1) variables models money, price, output, real effective exchange rate and interest rates in Iran over period 1990 quarter 1-2006 quarter 4. The empirical findings demonstrated long-run homogeneity between price and money was broken down and the hypothesis of the stable money demand relationship was not confirmed in the period, instead of this we found a relation which determines inflation based on liquidity ratio and real effective exchange rate. Money supply growth significantly explains output growth in the period. In addition, the paper provides further insights about the effects of financial repression on output and determining the behavior of opportunity cost of money in Iran. |
| first_indexed | 2024-03-08T19:28:43Z |
| format | Article |
| id | doaj.art-a2dbef2056554a4e91d34038fab5aaff |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:28:43Z |
| publishDate | 2010-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-a2dbef2056554a4e91d34038fab5aaff2023-12-26T07:57:05ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532010-03-011036871132795A Structured Vector Autoregressive (VAR) for Iranian EconomyNasser Khiabani0Jamshid Pajuyan1Akbar Komeyjani2استادیار مؤسسه عالی آموزش و پژوهش مدیریت و برنامهریزیProfessor, Faculty of Economics, Allameh Tababtabai Universityاستاد دانشکده اقتصاد- دانشگاه تهرانThis paper is based on a cointegrated I(2) and I(1) variables models money, price, output, real effective exchange rate and interest rates in Iran over period 1990 quarter 1-2006 quarter 4. The empirical findings demonstrated long-run homogeneity between price and money was broken down and the hypothesis of the stable money demand relationship was not confirmed in the period, instead of this we found a relation which determines inflation based on liquidity ratio and real effective exchange rate. Money supply growth significantly explains output growth in the period. In addition, the paper provides further insights about the effects of financial repression on output and determining the behavior of opportunity cost of money in Iran.https://joer.atu.ac.ir/article_2795_07de687c4689749f7a2fa48587891934.pdf |
| spellingShingle | Nasser Khiabani Jamshid Pajuyan Akbar Komeyjani A Structured Vector Autoregressive (VAR) for Iranian Economy Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| title | A Structured Vector Autoregressive (VAR)
for Iranian Economy |
| title_full | A Structured Vector Autoregressive (VAR)
for Iranian Economy |
| title_fullStr | A Structured Vector Autoregressive (VAR)
for Iranian Economy |
| title_full_unstemmed | A Structured Vector Autoregressive (VAR)
for Iranian Economy |
| title_short | A Structured Vector Autoregressive (VAR)
for Iranian Economy |
| title_sort | structured vector autoregressive var for iranian economy |
| url | https://joer.atu.ac.ir/article_2795_07de687c4689749f7a2fa48587891934.pdf |
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