Volume 11 (2022)
Volume 10 (2021)
Volume 9 (2020)
Volume 8 (2019)
Volume 7 (2018)
Volume 6 (2017)
Volume 5 (2016)
Volume 4 (2015)
Volume 3 (2014)
Volume 2 (2013)
Volume 1 (2012)
Monetary economics
New Evidence of the Effect of Oil Revenues, Exchange Rates and Money Supply on CPI and PPI: Quantile ARDL Approach

Roozbeh Balounejad Nouri; Amir Ali Farhang

Volume 11, Issue 1 , March 2022


  the relationship between oil revenue, exchange rate, and M2 on the CPI and PPI, over time of 2005:1-2022:1, was investigated in Iran with QARDL method used. The results showed that, in the short run, all the variables had an asymmetric effect on the CPI and the PPI. oil revenues, in the long run, from ...  Read More

Non-Linear Relationships Among Oil Price, Gold Price and Stock Market Returns in Iran: A Multivariate Regime-Switching Approach

Siab Mamipour; Fereshteh Vaezi Jezeie

Volume 4, Issue 1 , April 2015, , Pages 101-126


  In this paper, the effects of oil and gold prices on stock market index are investigated. We use a cointegrated vector autoregressive Markov-switching model to examine the nonlinear properties of these three variables during the period of January 2003 - December 2014. The Markov-switching vector-equilibrium-correction ...  Read More