Computer Science
8 years ago

Money supply drives prices in Iran, interest rate channel underdeveloped

Management Science Letters
How do monetary policy tools work? An investigation on monetary transmission mechanism in Iran
Naser Ali Yadollahzadeh Tabari

Paper Summary

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The study looked at how monetary policy tools like interest rates, exchange rates, and money supply affect inflation and output in Iran. They used a method called VECM to analyze data from 1989 to 2007. The results showed that in the long term, money supply has the biggest impact on prices, followed by output and exchange rates. The study also found that interest rates don't play a significant role in Iran's economy.