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Money and Inflation in the Islamic Republic of Iran
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Leo Bonato
Published/Copyright:
January 1, 2008
This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of 2006, looking at the structural stability of the estimated relationships and the ability of the model to predict inflation at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with no evidence of a structural change.
Published Online: 2008-1-1
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Article
- Explaining Middle Eastern Political Authoritarianism I: The Level of Democracy
- Explaining Middle Eastern Political Authoritarianism II: Liberalizing Transitions
- Money and Inflation in the Islamic Republic of Iran
- Trade and Competition Policies for Growth in Lebanon: A General Equilibrium Analysis
- Competitive Conditions in the Turkish Non-Life Insurance Industry
