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Transmission Channels of Monetary Policy Effects on Household Consumption in Iran: A TSVAR Approach

Author

Listed:
  • Ghamari, Hosein

    (PhD Candidate, Department of Economics, University of Mazandaran, Babolsar, Iran)

  • Tehranchian, Amir Mansour

    (Professor, Department of Economics, University of Mazandaran, Babolsar, Iran)

  • Jafari Samimi, Ahmad

    (Professor, Department of Economics, University of Mazandaran, Babolsar, Iran)

  • Roudari, Soheil

    (PhD, Department of Economics, University of Qom, Qom, Iran)

Abstract

This study investigates the transmission channels of monetary policy effects on household consumption in Iran using a Threshold Structural Vector Autoregression (TSVAR) model and monthly data from 2006 to 2023. Empirical results demonstrate that the impact and symmetry of monetary policy on household spending are highly regime-dependent. In low-inflation periods, monetary

Suggested Citation

  • Ghamari, Hosein & Tehranchian, Amir Mansour & Jafari Samimi, Ahmad & Roudari, Soheil, 2025. "Transmission Channels of Monetary Policy Effects on Household Consumption in Iran: A TSVAR Approach," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 20(1), pages 39-67, March.
    • Handle: RePEc:mbr:jmonec:v:20:y:2025:i:1:p:39-67
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