The Effects Of Oil Price Shocks On Monetary Policy In Iran
Changes 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.
|Date of creation:||Mar 2010|
|Date of revision:|
|Publication status:||Published in Proceeding of ICBER 2010, March 2010|
|Contact details of provider:|| Web page: http://www.internationalconference.com.my/proceeding.htm|
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.:
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:cms:1icb10:2010-062. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ihfal)
If references are entirely missing, you can add them using this form.