[Home ] [Archive]   [ فارسی ]  
:: year 4, Issue 9 (fall 2011) ::
JMBR 2011, 4(9): 91-116 Back to browse issues page
Modelling Oil and Monetary Shocks in the Iranian Economy: The VECMX Approach
Hamid Zamanzadeh
Abstract:   (3102 Views)

The goal of this paper is to analyze the effects of oil and money on operation of macro variables of Iranian economy in short and long-run. A macro model has been designed to show three long-run relationships that contains output، real money balance and purchasing power parity in a vector error correction model with exogenous variables. This model has been estimated based on seasonal data during 1367 to 1387. The results confirm three long-run relationships said in Iranian economy. The responses of macroeconomic variables to oil and monetary shocks analyzed based on estimated model and impulse response functions.

JEL Classification: E50, C32

Keywords: Iranian Economy, Monetary Shock, Oil Shock, Vector Error Correction Model
Full-Text [PDF 271 kb]   (1782 Downloads)    
Type of Study: Empirical Study |
Received: 2014/08/5 | Accepted: 2014/08/5 | Published: 2014/08/5
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


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 4, Issue 9 (fall 2011) Back to browse issues page
فصلنامه پژوهش‌های پولی-بانکی Journal of Monetary & Banking Research
Persian site map - English site map - Created in 0.05 seconds with 29 queries by YEKTAWEB 4341