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:: دوره 7، شماره 1 - ( پاییز 1391 ) ::
جلد 7 شماره 1 صفحات 119-137 برگشت به فهرست نسخه ها
Inflation Determinants in Low and High Frequencies: An Implication of Spectral Analysis to Iran
چکیده:   (2268 مشاهده)

There is no evidence that previous studies, available to Iran’s inflation literature, have used spectral methodology to analyze a possible relationship between inflation and its main determinants within a specific period. Accordingly, the present study investigates the effects of money growth, real output growth, output gap and interest rate changes on inflation at low and high frequencies by using seasonal data, Engle' s spectral estimator and Newey-West corrected standard errors over 1974-2006. The results indicate that money growth, output growth and output gap are significant determinants affecting inflation at low frequencies. In addition, at high frequencies, except for money growth, output growth, output gap and interest rate changes have significant and expected effects on inflation in Iran.

JEL Classification: C20, E31

     
نوع مطالعه: پژوهشي | موضوع مقاله: اقتصاد پولی
دریافت: ۱۳۹۳/۲/۹ | پذیرش: ۱۳۹۳/۲/۹ | انتشار: ۱۳۹۳/۲/۹
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Tayebi S K, Amini K M, Zamani Z. Inflation Determinants in Low and High Frequencies: An Implication of Spectral Analysis to Iran. J. Mon. Ec.. 2012; 7 (1) :119-137
URL: http://jme.mbri.ac.ir/article-1-59-fa.html

Inflation Determinants in Low and High Frequencies: An Implication of Spectral Analysis to Iran. پول و اقتصاد. 1391; 7 (1) :119-137

URL: http://jme.mbri.ac.ir/article-1-59-fa.html



دوره 7، شماره 1 - ( پاییز 1391 ) برگشت به فهرست نسخه ها
Journal of Money and Economy Journal of Money And Economy
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