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Effect of Nominal Exchange Rate Volatility on Output in Iran’s Economy

Author

Listed:
  • Yavari, Kazem

    (Tarbiat Modares University)

  • Najjarzade, Reza

    (Tarbiat Modares University)

  • Tavakolian, Hossein

    (Allameh Tabataba'i University)

  • Bahador, Ali

    (Tarbiat Modares University; Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran)

Abstract

Volatility of exchange rate while changes from time to time, is expected to affect firm level operations as well as aggregate level outcomes i.e. macroeconomic performance. This paper, investigates the effects of exchange rate volatility on aggregate production in Iran using a Structural Vector Auto Regressive model with Exogenous Variables (SVARX).

Suggested Citation

  • Yavari, Kazem & Najjarzade, Reza & Tavakolian, Hossein & Bahador, Ali, 2016. "Effect of Nominal Exchange Rate Volatility on Output in Iran’s Economy," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 11(4), pages 419-442, October.
    • Handle: RePEc:mbr:jmonec:v:11:y:2016:i:4:p:419-442
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    References listed on IDEAS

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