An Analysis of Money Demand and Inflation in the Islamic Republic of Iran
Author: Oya Celasun
Publisher:
Published: 2002
Total Pages: 0
ISBN-13:
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An Analysis of Money Demand and Inflation in the Islamic Republic of Iran
Author: Oya Celasun
Publisher:
Published: 2006
Total Pages: 22
ISBN-13:
DOWNLOAD EBOOKThis study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the period 1990/91-2001/02 and tests whether the disinflation during 2000/01-2001/02 represents a structural break in the data. A long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of non-administered component of the consumer price index (CPI) is modeled conditional on the disequilibria in the money market. Estimation results indicate that the stabilization of the exchange rate on account of strong oil revenues during 2000/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a structural shift in the inflation equation during the period of analysis.
Islamic Republic of Iran
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2002-09-27
Total Pages: 127
ISBN-13: 1451818963
DOWNLOAD EBOOKThis Selected Issues paper for the Islamic Republic of Iran deals with the analytical considerations relating to the choice of the exchange regime. This issue came to prominence with the exchange rate unification of March 2002. The paper also examines the competitiveness of the non-oil economy, fiscal sustainability, and the labor market of Iran. The paper concludes that a degree of flexibility in the exchange rate is needed at this juncture, given Iran’s exposure to oil price shocks, and the desire of the authorities to promote the development of non-oil activities.
Determinants of Inflation in Iran and Policies to Curb It
Author: H. Elif Ture
Publisher: International Monetary Fund
Published: 2022-09-09
Total Pages: 35
ISBN-13:
DOWNLOAD EBOOKHigh and volatile inflation has been an endemic economic and social issue in Iran that has contributed to rising poverty and social tensions. For policymakers to effectively address the inflation problem, it is critical to understand its causes. This paper seeks to contribute to this endeavor by applying a vector error-correction model to study the short- and long-term determinants of inflation in Iran over the past two decades and identify policy options to curb it. Using quarterly data spanning 2004-2021, it finds that money growth drives inflation only in the long term, while currency depreciation, fiscal deficits, and sanctions (proxied by oil exports) drive inflation both in the short- and the long term. In the absence of a removal of US trade and financial sanctions that could significantly boost the rial, budget deficits will have to be adjusted to contain inflation, albeit gradually to avoid hindering the recovery. Over the medium term, strengthening the inflation targeting framework could help improve monetary transmission and contain inflation durably.
Iran's Political Economy since the Revolution
Author: Suzanne Maloney
Publisher: Cambridge University Press
Published: 2015-08-13
Total Pages: 589
ISBN-13: 131629787X
DOWNLOAD EBOOKOver three decades after the Iranian Revolution reconfigured the strategic landscape in the Middle East, scholars are still trying to decipher its aftereffects. Suzanne Maloney provides the first comprehensive overview of Iran's political economy since the 1979 revolution and offers detailed examinations of two aspects of the Iranian economy of direct interest to scholars and non-specialist readers of Iran: the energy sector and the role of sanctions. Based on the author's research as both a scholar and government advisor, the book also features interviews with American and Iranian government officials. Moving chronologically from the early years under Khomeini, through the economic deprivations of the 1980s during the Iran-Iraq war, through liberalization under Khatami to the present, Maloney offers fascinating insights into Iran's domestic politics and how economic policies have affected ideology, leadership priorities, and foreign relations.
Central Banking and Monetary Policy in Muslim-Majority Countries
Author: Akhand Akhtar Hossain
Publisher: Edward Elgar Publishing
Published: 2015-08-28
Total Pages: 392
ISBN-13: 0857937839
DOWNLOAD EBOOKThe introduction of Islamic banking and finance across the globe strengthens the argument for low and stable inflation and rule-based monetary policy for sustained economic growth. Although Islamic banking and finance may have created some complexities
Determinants of Inflation in GCC
Author: Mrs.Hanan Morsy
Publisher: International Monetary Fund
Published: 2009-04-01
Total Pages: 34
ISBN-13: 1451872291
DOWNLOAD EBOOKInflationary pressures have heightened in the oil-rich Gulf Cooperation Council (GCC) since 2003. This paper studies determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading partners appears to be the most relevant foreign factor. In addition, oil revenues have reinforced inflationary pressures through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation given increased government spending. Nonetheless, by targeting supply-side bottlenecks, the increase in government spending is easing capacity constraints and will ultimately help to moderate price inflation.
Islamic Republic of Iran, Selected Issues
Author:
Publisher:
Published: 2008
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKReturn to Growth in CIS Countries
Author: Lúcio Vinhas de Souza
Publisher: Springer Science & Business Media
Published: 2006-08-29
Total Pages: 343
ISBN-13: 3540342648
DOWNLOAD EBOOKThe aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The analysis in this book contributes importantly to the discussion about the economic prospects of the CIS countries.
Survey of Literature on Demand for Money
Author: Mr.Subramanian S. Sriram
Publisher: International Monetary Fund
Published: 1999-05-01
Total Pages: 78
ISBN-13: 1451848544
DOWNLOAD EBOOKA stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
