An Analysis of Money Demand and Inflation in the Islamic Republic of Iran:
This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the period 1990/91-2001/02 and tests whether the disinflation during 2000/01-2001/02 represents a structural break in the data. A long-run money market equilibrium condition is identified...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
|
Schriftenreihe: | IMF Working Papers
Working Paper No. 02/205 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the period 1990/91-2001/02 and tests whether the disinflation during 2000/01-2001/02 represents a structural break in the data. A long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of non-administered component of the consumer price index (CPI) is modeled conditional on the disequilibria in the money market. Estimation results indicate that the stabilization of the exchange rate on account of strong oil revenues during 2000/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a structural shift in the inflation equation during the period of analysis |
Beschreibung: | 1 Online-Ressource (21 p) |
ISBN: | 1451874561 9781451874563 |
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spelling | Goswami, Mangal Verfasser aut An Analysis of Money Demand and Inflation in the Islamic Republic of Iran Goswami, Mangal Washington, D.C International Monetary Fund 2002 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/205 This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the period 1990/91-2001/02 and tests whether the disinflation during 2000/01-2001/02 represents a structural break in the data. A long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of non-administered component of the consumer price index (CPI) is modeled conditional on the disequilibria in the money market. Estimation results indicate that the stabilization of the exchange rate on account of strong oil revenues during 2000/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a structural shift in the inflation equation during the period of analysis Online-Ausg Celasun, Oya Sonstige oth http://elibrary.imf.org/view/IMF001/00256-9781451874563/00256-9781451874563/00256-9781451874563.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Goswami, Mangal An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title_auth | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title_exact_search | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title_exact_search_txtP | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title_full | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran Goswami, Mangal |
title_fullStr | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran Goswami, Mangal |
title_full_unstemmed | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran Goswami, Mangal |
title_short | An Analysis of Money Demand and Inflation in the Islamic Republic of Iran |
title_sort | an analysis of money demand and inflation in the islamic republic of iran |
url | http://elibrary.imf.org/view/IMF001/00256-9781451874563/00256-9781451874563/00256-9781451874563.xml |
work_keys_str_mv | AT goswamimangal ananalysisofmoneydemandandinflationintheislamicrepublicofiran AT celasunoya ananalysisofmoneydemandandinflationintheislamicrepublicofiran |