The Effect of Monetary Policy and Banking Credits on Gross Domestic Product in Iran: A Threshold VAR Approach (in Persian)

Ahmad Jafari Samimi, Zeinab Gholami (), , and ,
Additional contact information
Zeinab Gholami: University of Mazandaran
,: Iran
,: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2016, vol. 9, issue 29, 373-404

Abstract: This paper using TVAR model and data from 1376Q1-1392Q4 examines the asymmetric impacts of monetary policy and banking credits on gross domestic Product in low and upper regimes in Iran Regarding the difference between the interest-free and conventional banking system and according to McCallum rule monetary base variable has been used as monetary policy index. In most studies about the nonlinear relationship between monetary policy and real economic activity threshold variables are about credit market condition, this paper instead of credit market conditions focuses on economic activity. Using R software the threshold vector autoregression model is estimated and generalized impulse response function are extracted. Results indicate that the impact of monetary policy and banking credits on GDP in low and upper regimes is completely different. In other words, the findings support the asymmetric impact of monetary policy and banking credits in Iran.

JEL-codes: C32 E23 E51 E52 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jmbr.mbri.ac.ir/article-1-568-en.pdf (application/pdf)
http://jmbr.mbri.ac.ir/article-1-568-en.html (text/html)
http://jmbr.mbri.ac.ir/article-1-568-fa.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:9:y:2016:i:29:p:373-404

Access Statistics for this article

More articles in Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی) from Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran Contact information at EDIRC.
Bibliographic data for series maintained by M. E. ().