IDEAS home Printed from https://ideas.repec.org/a/mbr/jmbres/v1y2010i2p145-176.html
   My bibliography  Save this article

Monetary Transmission Mechanism in Iran: A Structural VAR Approach (in Persian)

Author

Listed:
  • Sharifi-Renani, Hosein

    (Iran)

  • Komijani, Akbar

    (Iran)

  • Shahrestani, Hamid

    (Iran)

Abstract

Monetary policy can significantly affect real economic activity¡ at least in the short run¡ but the size and the duration of short run effects are intensely debated. Using a structural VAR (SVAR) approach¡ the purpose of this paper is to investigate monetary transmission mechanism in Iran during 1989:2–2007:3.The results indicate that in the long run¡ there was not any monetary transmission throughout channels in both models¡ but in SVAR credit channel had an effective role. Also we found that credit channel is the most effective channel in monetary transmission mechanism in Iran. These findings suggested we must monitor credit channel to be able to control monetary policy properly.

Suggested Citation

  • Sharifi-Renani, Hosein & Komijani, Akbar & Shahrestani, Hamid, 2010. "Monetary Transmission Mechanism in Iran: A Structural VAR Approach (in Persian)," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 1(2), pages 145-176, March.
    • Handle: RePEc:mbr:jmbres:v:1:y:2010:i:2:p:145-176
    as

    Download full text from publisher

    File URL: http://jmbr.mbri.ac.ir/article-1-35-en.pdf
    Download Restriction: no
    File URL: http://jmbr.mbri.ac.ir/article-1-35-en.html
    Download Restriction: no
    File URL: http://jmbr.mbri.ac.ir/article-1-35-fa.html
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mbr:jmbres:v:1:y:2010:i:2:p:145-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: M. E. (email available below). General contact details of provider: https://edirc.repec.org/data/mbcbiir.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.