The Effect of Monetary Policy on Regime Changes of Financial Assets

Alireza Erfani and Saeed Abbasi
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Alireza Erfani: Department of Economics, Semnan University
Saeed Abbasi: Department of Economics, Semnan University

Journal of Money and Economy, 2018, vol. 13, issue 3, 319-341

Abstract: The main objective of this study was to investigate the effect of monetary policy on changes in the price of financial assets (including foreign exchange, gold and stocks) in Iranian economy. In this regard, this paper answers whether monetary policy could lead to regime changes in asset markets. To answer

Keywords: Regime Switching in Asset Markets; Markov Switching Model; Monetary Policy (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:13:y:2018:i:3:p:319-341

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