بررسی تاثیر سیاست تسهیل اعتباری بر متغیرهای کلان در اقتصاد ایران

Mirjalili, Seyed hossein and Mohseni, Hadiseh and Pahlvani, Mosayeb and Shahiki Tash, Mohamad nabi (2019): بررسی تاثیر سیاست تسهیل اعتباری بر متغیرهای کلان در اقتصاد ایران. Published in: Quarterly Journal of Applied Economic Studies Iran , Vol. 8, No. 31 (8 November 2019): pp. 67-93.

Abstract

In the aftermath of the global financial crisis, many countries implemented credit easing policy in the recession period. The main objective of the paper is to investigate the effect of implementing credit policy on macroeconomic variables in Iran's economy. We estimated the VAR model with seasonal data for the years 1384-1395. In the first place, the unit root test for the time series variables were examined and then, by analyzing the VAR model, we estimated the impulse-response variables. The results indicate a positive and significant positive effect of credit easing by 0.001 percent on GDP growth rate and by 0.07 percent on the private investment rate and by 0.12 percent on non-oil exports. These effects will reduce the unemployment rate by 0.0025 percent. It also decreases the real exchange rate by 0.02%.

• Item Type: MPRA Paper
• English Title: The Effect of Credit Easing Policy on Macroeconomic Variables in Iran
• Language: Persian
• Keywords: Credit easing Economic Depression VAR Model Macro Variables Iranian Economy
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E43 - Interest Rates: Determination, Term Structure, and Effects; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers

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