جستجوی مقالات مرتبط با کلیدواژه « money supply » در نشریات گروه « اقتصاد »

The role of money in the design and implementation of monetary policies for price stability, especially since 2007-2009 global financial crisis, has been reintroduced as a major policy issue in both developed and developing countries. In this regard, the money demand function is one of the most important components of any monetary system, which plays a decisive role in the mechanism of transfer of monetary policy to the real sector of the economy. Therefore, in order to analyze monetary issues and to provide appropriate solutions for overcoming economic problems, it is necessary for the policymaker to have a correct understanding of the money demand function. This paper answers the question of whether sudden changes in money supply cause instability in money demand function. Hence, the present study, with Markov switching approach and using simple sum and Divisia, estimates the demand for money function in the Iranian economy during 1988q2 -2020q2 and evaluates its stability. The results indicate that demand for money function is stable in regime one but being in regime two and three, namely the average growth of money and the sharp growth of money, has led to instability in the demand for money function, and the diversion of the monetary policy objectives.

In this paper is attemped to examine increasing of nominal GNP according to momitarists and kenziyan approaches. In this research we have used time series Data collcted from Database of Iranian centeral Bank "between"1981 to 2015. Variables in this study are: Gross national Production (GNP) based on current prices, Supply of money, and Government Expenditures. Microsoft Eviwse.9 have used in this research. To examine the hypothises of monitarists and kenziyan, our presented model based on cent luise Framework. In this point, we have used two tests: Davidson& Mackinon (J) test and F test. Results shows, the null hypothesis of increseaing of nominal incom has rejected in both monetarists and kenziyan approaches in Iranian Economy. It means, in Iranian Economy increasing of nominal income have not depends to increasing of both Supply of Money and government Expenditures.

There have been many studies on the effects of monetary policy on the exchange rate in the Iranian economy. But due to the successive structural changes and changes in the political regime, these effects are not expected to be linear and stable. Therefore, in this study, we want to examine the effect of nonlinear behavior of variable money volume on exchange rate by using STR regression models. For this purpose, we have used the annual data of the variables of GDP, interest rate, inflation rate, money supply and exchange rate during the period 1357-1397. Research shows that a significant nonlinear relationship between money supply and exchange rate is confirmed. Based on the results, the variables of money supply and inflation rate have had a significant negative and positive effect on the real exchange rate, respectively, during the study period. By controlling liquidity growth and transferring it to a low growth regime, the effect of variables such as inflation and interest rates on the exchange rate can be eliminated or reduced. According to the results of this article, at lower threshold levels of money supply, it is possible to use monetary policy to stimulate economic growth and real sector activities with low inflationary effects.

An examination of the inflation trend in Iran shows that this variable has had fluctuating fluctuations. Instability Inflation affects many economic variables. Inflation and its instability are affected by various economic variables, including the behavior of the central bank, part of which is due to changes in the components of the monetary base. Therefore, the purpose of this paper is to investigate the overflow of fluctuations in foreign exchange reserves of the Central Bank on inflation fluctuations in the Iranian economy during the period 1352: 1 to 1395: 4 using the MGARCH-BEEK model. The obtained results show that the shocks and fluctuations of the previous period have a direct and significant effect on the fluctuations of the current period inflation rate. Also, the shocks of the previous period of the central bank's foreign exchange reserves have a direct impact on the fluctuations of the current period of the central bank's foreign exchange reserves. But the shocks of the previous period of inflation do not affect the fluctuations of the central bank's foreign exchange reserves. The results also show that the shocks of the previous period of the central bank's foreign exchange reserves have a significant and direct effect on inflation fluctuations. This means that the overflow of fluctuations in foreign exchange reserves on the inflation rate has occurred in the Iranian economy and shocks caused by foreign exchange reserves lead to uncertainty and inflation turbulence.

Money is one of the most useful and one of the most controversial economic issues. Understanding the concepts of money is therefore essential to a proper understanding of the functioning of the economy and the interaction of its components. The purpose of this study is to investigate and critique money supply in microfoundation level in conventional economics and economics with an Islamic approach in a descriptive manner by referring to library resources and examining case studies and it answers these questions: Is the money supply endogenous or exogenous? Is it possible money creation in Islamic economics? What variables do the money supply in an economics with Islamic approach? The findings of the study show that the flaws in money creation in Islamic economics are: economic instability, lack of social justice, declining economic growth, failure of banks to repay deposits. So it is not possible to create money in the economics with an Islamic approach. Within the framework of Islamic teachings, it is only possible for the government (the central bank) to issue money, since the Islamic State is interested in the public interest and therefore the benefits of the money will be returned to the people themselves. Commercial banks are a financial intermediary that cannot create money and bank deposits are not money. In Islamic economics, the supply of money is considered endogenous, given the Accommodationism view and by limiting interest rates in the economics with the Islamic approach. In the end, the effective factors for money supply are: real production, inflation, the degree of public confidence in the monetary system.

The monetary approach to the balance of payments in Iran has been considered in thisresearch. For this purpose the model of time series, VAR and VECM are employed. Resultsindicated a two-way causality between money supply and inflation; exchange and inflationrates in short-run and long-run. However, the effects of national currency devaluation onexport, current account and balance of payments are not verified authentically enough.