The Effect of Credit Easing Policy on Macroeconomic Variables in Iran

Message:
Article Type:
Research/Original Article (دارای رتبه معتبر)
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 per cent on GDP growth rate and by 0.07 per cent on the private investment rate and by 0.12 per cent on non-oil exports. These effects will reduce the unemployment rate by 0.0025 per cent. It also decreases the real exchange rate by 0.02%.

Language:
Persian
Published:
Quarterly Journal of Applied Economics Studiesin Iran, Volume:8 Issue: 31, 2019
Pages:
67 to 93
https://www.magiran.com/p2057030  
سامانه نویسندگان
  • Author (2)
    Mohammad Nabi Shahiki Tash
    Full Professor Economics, University of Sistan and Baluchestan, Zahedan, Iran
    Shahiki Tash، Mohammad Nabi
  • Author (4)
    Seyed Hossein Mirjalili
    (1380) دکتری علوم اقتصادی، دانشگاه امام صادق
    Mirjalili، Seyed Hossein
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