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:: Volume 13, Issue 4 (Fall 2018) ::
J. Mon. Ec. 2018, 13(4): 471-490 Back to browse issues page
The Impact of Monetary Policy Shock on the Price of Storable Goods: A Case Study of Food
Forough Jahantigh1, Mohammad Rahmi Ghasemabadi 1, Omolbanin Jalali2
1- Faculty of Management & Economics
2- Faculty of Economics Management and Accounting
Abstract:   (644 Views)

In many economies, commodity price volatility is one of the sources of signaling to market players. Different experiences of price shocks have led economists to reconsider price shocks. Considering the effects of monetary policy on the inflation rate, the present study investigates the impact of monetary policy shock on the price of storable food commodities. In this regard, data for 2006: 01 to 2016:12 for Iran was investigated. The results show that a one percent increase in money supply and the interest rate on deposits increases food prices in the long-term by 0.18 percent and 0.82 percent, respectively.

Keywords: Monetary Policy Shock, Storable Goods, Food.
Full-Text [PDF 268 kb]   (545 Downloads)    
Type of Study: Original Research - Theoric | Subject: Monetary Economics
Received: 9 Nov 2018 | Accepted: 12 Nov 2019 | Published: 12 Nov 2019
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Jahantigh F, Rahmi Ghasemabadi M, Jalali O. The Impact of Monetary Policy Shock on the Price of Storable Goods: A Case Study of Food. J. Mon. Ec.. 2018; 13 (4) :471-490
URL: http://jme.mbri.ac.ir/article-1-455-en.html

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Volume 13, Issue 4 (Fall 2018) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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