The study looked at how changes in monetary policy affect the housing market in Iran. They used a complex model to analyze data from 1989 to 2016. The researchers found that when there is a positive shock to the economy, housing volume decreases but rental prices go up. On the other hand, a negative shock leads to an increase in housing volume. The study also showed that the net value in the housing sector increases with a positive shock. The effects of these shocks can vary depending on the size of the shock and whether the economy is in a depression or inflation.