The Effects Of Oil Price Shocks On Monetary Policy In Iran
AbstractChanges and increases in the price of oil are effective on the aggregate economic. So, it's important to study on oil price shocks, because they affect on economic growth& monetary policy. In this paper a structural and generalized VAR modeless has been considered for Iran in order to study the direct effects of oil price shocks on output and prices and reaction of monetary variables to external shocks over the period 1991:I–2008:I (1370:I_1386: IV). Empirical analysis shows that inflation rate increase and exchange rate decrease and gross domestic product has fluctuations.
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Bibliographic InfoPaper provided by Conference Master Resources in its series International Conference on Business and Economic Research (ICBER 2010) Proceeding with number 2010-062.
Length: 15 pages
Date of creation: Mar 2010
Date of revision:
Publication status: Published in Proceeding of ICBER 2010, March 2010
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Web page: http://www.internationalconference.com.my/proceeding.htm
Oil price shocks; monetary policy;
Find related papers by JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Cunado, J. & Perez de Gracia, F., 2005.
"Oil prices, economic activity and inflation: evidence for some Asian countries,"
The Quarterly Review of Economics and Finance,
Elsevier, vol. 45(1), pages 65-83, February.
- Juncal Cunado & Fernando Pérez de Gracia, 2004. "Oil Prices, Economic Activity and Inflation: Evidence for Some Asian Countries," Faculty Working Papers 06/04, School of Economics and Business Administration, University of Navarra.
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