Modelling Oil and Monetary Shocks in the Iranian Economy: The VECMX Approach

Hamid Zamanzadeh

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2011, vol. 4, issue 9, 91-116

Abstract: 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

Keywords: Iranian Economy; Monetary Shock; Oil Shock; Vector Error Correction Model (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:4:y:2011:i:9:p:91-116

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