[Home ] [Archive]   [ فارسی ]  
:: year 1, Issue 2 (winter 2010) ::
JMBR 2010, 1(2): 145-176 Back to browse issues page
Monetary Transmission Mechanism in Iran: A Structural VAR Approach
Hosein Sharifi-Renani , Akbar Komijani, Hamid Shahrestani
Abstract:   (4675 Views)
Monetary policy can significantly affect real economic activity، at least in the short run، but the size and the duration of short run effects are intensely debated. Using a structural VAR (SVAR) approach، the purpose of this paper is to investigate monetary transmission mechanism in Iran during 1989:2–2007:3.
The results indicate that in the long run، there was not any monetary transmission throughout channels in both models، but in SVAR credit channel had an effective role. Also we found that credit channel is the most effective channel in monetary transmission mechanism in Iran. These findings suggested we must monitor credit channel to be able to control monetary policy properly.
Keywords: Monetary Transmission Mechanism, Credit Channel, House Price Channel, Exchange Rate Channel, Structural Vector Auto regression
Full-Text [PDF 794 kb]   (2856 Downloads)    
Type of Study: Empirical Study |
Received: 2014/07/26 | Accepted: 2014/07/26 | Published: 2014/07/26
Add your comments about this article
Your username or Email:


XML   Persian Abstract   Print

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 1, Issue 2 (winter 2010) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
Persian site map - English site map - Created in 0.03 seconds with 29 queries by YEKTAWEB 4343