Money and Inflation in the Islamic Republic of Iran /

This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The model estimates are used to address the questions raised by...

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Автор: Bonato, Leo
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2007.
Серія:IMF Working Papers; Working Paper ; No. 2007/119
Онлайн доступ:Full text available on IMF
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500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of 2006, looking at the structural stability of the estimated relationships and the ability of the model to predict inflation at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with no evidence of a structural change. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 2007/119 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2007/119/001.2007.issue-119-en.xml  |z IMF e-Library