The Effects of Monetary Shocks in Gold Coin Price in Iran (in Persian)

Ali Raispour (), Hajar Esnaashari () and Hoseen Mehrabi ()
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Ali Raispour: Islamic Azad University; Kerman Branch. Kerman, Iran
Hajar Esnaashari: University of Sistan & Baluchestan
Hoseen Mehrabi: Kerman University

The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی و بودجه), 2015, vol. 20, issue 2, 103-114

Abstract: Monetary policies are the main instruments of macroeconomic and understanding their impacts is an important step in planning and national and regional development. In this study the effects of monetary shocks in coin price was studied by time series for 1981-2012. For this, GARCH technique was used to modeling and calculates the monetary shock. Also the relationship between monetary shocks, the world price of gold, oil revenues and exchange rate with coins price of Iran were analyzed using the ARDL model. Results show that in long-run exchange rate has negative effect and other variables have direct and meaningful effect on coin price of Iran

Keywords: Monetary Shock; Gold Coin Price; Exchange Rate; GARCH; ARDL. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:auv:jipbud:v:20:y:2015:i:2:p:103-114

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