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Dynamic Effects of Total Debts on Economy of Iran: Bayesian Approach

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  • Dalali Esfehani, Rahim
  • Taebi, Seyed Komeil
  • Shahchera, Mahshid
  • Rezaei, Ahmadali

Abstract

In this study the dynamic effects of the total debt on the real sector was analyzed during the period of 1981-2011. We use the non-classical econometric model BVAR and the simulation scenarios defined. We study the scenarios that reduce total debt to near zero, total liabilities decreased to half the

Suggested Citation

  • Dalali Esfehani, Rahim & Taebi, Seyed Komeil & Shahchera, Mahshid & Rezaei, Ahmadali, 2014. "Dynamic Effects of Total Debts on Economy of Iran: Bayesian Approach," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 7(20), pages 195-210, July.
    • Handle: RePEc:mbr:jmbres:v:7:y:2014:i:20:p:195-210
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