Evaluation of long-term relationship between the price of crude oil, gold prices, house prices and exchange rate in Iran using structural vector error correction approach

This study examines long-term relationship between oil prices, exchange rates, house prices and the price of gold rials during 4Q1391- 1Q1374 using structural vector error correction approach (svecm) deals. Co-integration test results indicate the existence of a long-term relationship between the variables significant at 99%, is. According to the definition of currency (dollars per unit per Rials), the results of impulse response functions show that monetary gold price shock in the short term, medium term and long term negative effect on the exchange rate. The housing price index shocks in the short term, medium term and long term negative effect on the exchange rate. Crude oil price shock in the short term, medium term and long term, positive effect on the exchange rate.