Inflation in Iran: an empirical assessment of the key determinants
نویسندگان
چکیده
Purpose To study the key determinants of chronically high inflation in Iran. Design/methodology/approach Relying on annual data from 1978 to 2019, authors employ an Auto-Regressive Distributed Lag (ARDL) model and Error Correction Model (ECM) inflationary effects monetary fiscal policies as well exchange rate swings sanctions intensification. Findings The find that increase money supply, depreciation nominal rate, deficit intensification are among drivers Their impact is profound long run, but short run only supply currency significant. Also, when exploring different components Consumer Price Index (CPI), we robust long- short-run while vary across components. Originality/value contribute literature by setting apart long-vs variables also improved measures shown be significance run. Lastly, go beyond aggregate index examine variations CPI
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ژورنال
عنوان ژورنال: Journal of Economic Studies
سال: 2023
ISSN: ['0144-3585', '1758-7387']
DOI: https://doi.org/10.1108/jes-07-2022-0370