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Journal of Money & Economy

AWT IMAGE

(رتبه علمی-پژوهشی)

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:: year 8, Issue 25 (autumn 2015) ::
JMBR 2015, 8(25): 455-480 Back to browse issues page
The Effective Causes on Business Cycles of Iran in Structural Vector Autoregressive (SVAR)
Vahab Ghelich *1 , Abbas Shakeri
Abstract:   (2862 Views)

Iranian economy as a state – petroleum economy with inflation and budget deficit challenges pass big and small Business Cycles in the last three decades. Obviously recognition of significant causes of these Business Cycles can to help to programmers and policy makers for the more accurate and efficient offers. This research by using of Structural Vector Autoregressive (SVAR) model recognizes The Effective Causes on Business Cycles of Iran. The conclusion shows between 1990 & 2012 budget deficit growth and real exchange rate growth were the most important causes of Business Cycles of Iran. According to this conclusion macroeconomic policy makers should attention to these causes for gaining more stability.

Full-Text [PDF 768 kb]   (4378 Downloads)    
Type of Study: Empirical Study | Subject: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook (E6)
Received: 2015/03/9 | Accepted: 2015/08/31 | Published: 2016/09/21
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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 8, Issue 25 (autumn 2015) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
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