IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/125509.html
   My bibliography  Save this paper

بررسی تاثیر سیاست تسهیل اعتباری بر متغیرهای کلان در اقتصاد ایران
[The Effect of Credit Easing Policy on Macroeconomic Variables in Iran]

Author

Listed:
  • Mirjalili, Seyed hossein
  • Mohseni, Hadiseh
  • Pahlvani, Mosayeb
  • Shahiki Tash, Mohamad nabi

Abstract

In the aftermath of the global financial crisis, many countries implemented credit easing policy in the recession period. The main objective of the paper is to investigate the effect of implementing credit policy on macroeconomic variables in Iran's economy. We estimated the VAR model with seasonal data for the years 1384-1395. In the first place, the unit root test for the time series variables were examined and then, by analyzing the VAR model, we estimated the impulse-response variables. The results indicate a positive and significant positive effect of credit easing by 0.001 percent on GDP growth rate and by 0.07 percent on the private investment rate and by 0.12 percent on non-oil exports. These effects will reduce the unemployment rate by 0.0025 percent. It also decreases the real exchange rate by 0.02%.

Suggested Citation

  • Mirjalili, Seyed hossein & Mohseni, Hadiseh & Pahlvani, Mosayeb & Shahiki Tash, Mohamad nabi, 2019. "بررسی تاثیر سیاست تسهیل اعتباری بر متغیرهای کلان در اقتصاد ایران [The Effect of Credit Easing Policy on Macroeconomic Variables in Iran]," MPRA Paper 125509, University Library of Munich, Germany, revised 14 Sep 2019.
    • Handle: RePEc:pra:mprapa:125509
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/125509/1/MPRA_paper_125509.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

    Statistics

    Access and download statistics

    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:pra:mprapa:125509. 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.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.