in this paper, by using dynamic stochastic general equilibrium, optimal monetary rule derived for central bank of iran. monetary transmission mechanism of the model includes four equations, aggregate demand, aggregate supply, oil price and taylor rule. we have proved that dynamic structure of aggregate demand relation, regarding monetary inflation in iran, is a function of money growth rate. wi...

based on the “aggregate demand” theory, monetary policies are designed with the aim of achieving desirable level of macroeconomic goals through affecting the stock of money supplyand income velocity of money. thus, the velocity (v)-as well as money supply - has significant impact, particularly on rate of inflation through expansionary or contractionary monetary policy. to focus on the velocity ...

In this paper, we analyze the correspondence among the rankings of the Spanish regions according to different measures of monetary poverty and quality of life, in 2012. To do that, the Spearman’s rank correlation coefficient is used. Different aggregation methods are applied to calculate the selected measures of poverty and quality of life. The monetary poverty measures aggregate the income gap...

In this paper, we analyze the correspondence among the rankings of the Spanish regions according to different measures of monetary poverty and quality of life, in 2012. To do that, the Spearman’s rank correlation coefficient is used. Different aggregation methods are applied to calculate the selected measures of poverty and quality of life. The monetary poverty measures aggregate the income gap...

This paper studies the relationship between private consumption expenditure and independent variables that include GDP, population number, interest rate, inflation rate in Egypt during period from 1955 to 2022 using Autoregressive Distributed Lag Model (ARDL). The research also aims study effect of displacement spending government a model found there is positive significant both output long run...

Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s. In the light of the B. Friedman and Kuttner (1992) information value approach, we reevaluate the vanishing relationship between US monetary aggregates and th...

ARLIER in the decade, a number of industrial countries adopted a framework for carrying out monetary policy that became known as inflation targeting. They adopted this framework as a response to the difficulties they had encountered in conducting their monetary policy using an exchange rate peg or some monetary aggregate as the main intermediate target. At the same time, they saw the move as a ...

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, deprec...