RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY
After The Islamic Revolution in Iran, inflation became one of the most important problems. in the Iranian economy between 1978 and 1997 average inflation rate was above 20% while average rate of economic growth was only about 1.8%.This paper analyzes the relationship between real money and inflation...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2001-01-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Online Access: | https://ijer.atu.ac.ir/article_3787_b297dcc89b964239cf38b474459a80d1.pdf |
| _version_ | 1797369476619960320 |
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| author | Kambiz Hojabr Kiani Iraj Rahmani |
| author_facet | Kambiz Hojabr Kiani Iraj Rahmani |
| author_sort | Kambiz Hojabr Kiani |
| collection | DOAJ |
| description | After The Islamic Revolution in Iran, inflation became one of the most important problems. in the Iranian economy between 1978 and 1997 average inflation rate was above 20% while average rate of economic growth was only about 1.8%.This paper analyzes the relationship between real money and inflation in the demand schedule for money that Cagan used in his famous study of hyperinflation (1956).The results of this research suggest that Cagan's model of money demand with adaptive expectation hypothesis does indeed provide an adequate explanation of the salient features of the inflationary and monetary experiences of Iran between 1978 and 1997.It appears that unstable growth of money causes instability in price levels. Also the results show that monetary policies in Iran over the selected periods weren't in effect tantamount in maximization of the int1ation tax revenues. |
| first_indexed | 2024-03-08T17:47:24Z |
| format | Article |
| id | doaj.art-b934d77c59c94801a6a17bed81ec14a8 |
| institution | Directory Open Access Journal |
| issn | 1726-0728 2476-6445 |
| language | fas |
| last_indexed | 2024-03-08T17:47:24Z |
| publishDate | 2001-01-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | فصلنامه پژوهشهای اقتصادی ایران |
| spelling | doaj.art-b934d77c59c94801a6a17bed81ec14a82024-01-02T10:20:12ZfasAllameh Tabataba'i University Pressفصلنامه پژوهشهای اقتصادی ایران1726-07282476-64452001-01-012741663787RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMYKambiz Hojabr Kiani0Iraj Rahmani1Associate Professor, Faculty of Economics and Political Science, Shahid Beheshti UniversityM.A in EconomicsAfter The Islamic Revolution in Iran, inflation became one of the most important problems. in the Iranian economy between 1978 and 1997 average inflation rate was above 20% while average rate of economic growth was only about 1.8%.This paper analyzes the relationship between real money and inflation in the demand schedule for money that Cagan used in his famous study of hyperinflation (1956).The results of this research suggest that Cagan's model of money demand with adaptive expectation hypothesis does indeed provide an adequate explanation of the salient features of the inflationary and monetary experiences of Iran between 1978 and 1997.It appears that unstable growth of money causes instability in price levels. Also the results show that monetary policies in Iran over the selected periods weren't in effect tantamount in maximization of the int1ation tax revenues.https://ijer.atu.ac.ir/article_3787_b297dcc89b964239cf38b474459a80d1.pdf |
| spellingShingle | Kambiz Hojabr Kiani Iraj Rahmani RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY فصلنامه پژوهشهای اقتصادی ایران |
| title | RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY |
| title_full | RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY |
| title_fullStr | RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY |
| title_full_unstemmed | RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY |
| title_short | RELATIONSHIP BETWEEN MONEY, HIGH-INFLATION AND INFLATION TAX IN IRAN'S ECONOMY |
| title_sort | relationship between money high inflation and inflation tax in iran s economy |
| url | https://ijer.atu.ac.ir/article_3787_b297dcc89b964239cf38b474459a80d1.pdf |
| work_keys_str_mv | AT kambizhojabrkiani relationshipbetweenmoneyhighinflationandinflationtaxiniranseconomy AT irajrahmani relationshipbetweenmoneyhighinflationandinflationtaxiniranseconomy |