Money Endogenous in Iran

اقتصاد پولی مالی

Article 2, Volume 24, Issue 14, October 2017, Pages 1-21   

Document Type: پژوهشی

DOI: 10.22067/pm.v24i13.42106

Authors

shabnam sadeghi nasab^* ; Ali Falahati; Kiomars Sohaili

Razi University

Abstract

Abstract
In recent decades one of the problems that Iran’s economy had been faced is the high growth rate of liquidity in the country. The high liquidity growth have had many consequences for Iran’s economy include high inflation, currency depreciation, high interest rates and those problems pointed out. Since the liquidity in Iran has always been a positive growth rate, in most studies, liquidity has been introduced as one of the factors affecting on inflation, the recent study aims is examine and analyze high liquidity in Iran experimentally and as well as finding the main components.
In this study has been used Vector Auto Regressive Model (var). For this purpose, by use from time series data for the 1359-1391, examine the model.
The results obtained from the study implies that, growth rate of exchange, inflation rate, interest rate,
have a Negative and significant relationship and also growth rate of budget deficit and growth rate of GDP , have a Positive and significant relationship with growth rate of liquidity. In result can said that money inside in Iran.

Keywords

Inflation; GDP; Exchange Rate; Liquidity; Budget deficit; Interest rate