بررسی تاثیر سیاست تسهیل اعتباری بر متغیرهای کلان در اقتصاد ایران

The Effect of Credit Easing Policy on Macroeconomic Variables in Iran

Seyed Hossein Mirjalili, Hadiseh Mohseni, Mosayeb Pahlvani and Mohamad nabi Shahiki Tash

MPRA Paper from University Library of Munich, Germany

Abstract: In the aftermath of the global financial crisis, many countries implemented credit easing policy in the recession period. The main objective of the paper is to investigate the effect of implementing credit policy on macroeconomic variables in Iran's economy. We estimated the VAR model with seasonal data for the years 1384-1395. In the first place, the unit root test for the time series variables were examined and then, by analyzing the VAR model, we estimated the impulse-response variables. The results indicate a positive and significant positive effect of credit easing by 0.001 percent on GDP growth rate and by 0.07 percent on the private investment rate and by 0.12 percent on non-oil exports. These effects will reduce the unemployment rate by 0.0025 percent. It also decreases the real exchange rate by 0.02%.

Keywords: Credit; easing; Economic; Depression; VAR; Model; Macro; Variables; Iranian; Economy (search for similar items in EconPapers)
JEL-codes: E43 E51 (search for similar items in EconPapers)
Date: 2019-07-04, Revised 2019-09-14
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Published in Quarterly Journal of Applied Economic Studies Iran 31.8(2019): pp. 67-93

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