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Paper Information

Journal:   JOURNAL OF MONETARY AND BANKING RESEARCHES   FALL 2016 , Volume 9 , Number 29 ; Page(s) 373 To 404.
 
Paper: 

THE EFFECT OF MONETARY POLICY AND BANKING CREDITS ON GROSS DOMESTIC PRODUCT IN IRAN: A THRESHOLD VAR APPROACH

 
 
Author(s):  JAFARI SAMIMI AHMAD, TEHRANCHIAN AMIR MANSOUR, EHSANI MOHAMMAD ALI, GHOLAMI ZEYNAB*
 
* UNIVERSITY OF MAZANDARAN
 
Abstract: 

This paper using TVAR model and data from 1376Q1-1392Q4 examines the asymmetric impacts of monetary policy and banking credits on gross domestic Product in low and upper regimes in Iran Regarding the difference between the interest-free and conventional banking system and according to McCallum rule monetary base variable has been used as monetary policy index. In most studies about the nonlinear relationship between monetary policy and real economic activity threshold variables are about credit market condition, this paper instead of credit market conditions focuses on economic activity. Using R software the threshold vector auto regression model is estimated and generalized impulse response function are extracted. Results indicate that the impact of monetary policy and banking credits on GDP in low and upper regimes is completely different. In other words, the findings support the asymmetric impact of monetary policy and banking credits in Iran.

 
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APA: Copy

JAFARI SAMIMI, A., & GHOLAMI, Z., & TEHRANCHIAN, A., & EHSANI, M. (2016). THE EFFECT OF MONETARY POLICY AND BANKING CREDITS ON GROSS DOMESTIC PRODUCT IN IRAN: A THRESHOLD VAR APPROACH. JOURNAL OF MONETARY AND BANKING RESEARCHES, 9(29 ), 373-404. https://www.sid.ir/en/journal/ViewPaper.aspx?id=570967



Vancouver: Copy

JAFARI SAMIMI AHMAD, GHOLAMI ZEYNAB, TEHRANCHIAN AMIR MANSOUR, EHSANI MOHAMMAD ALI. THE EFFECT OF MONETARY POLICY AND BANKING CREDITS ON GROSS DOMESTIC PRODUCT IN IRAN: A THRESHOLD VAR APPROACH. JOURNAL OF MONETARY AND BANKING RESEARCHES. 2016 [cited 2021July24];9(29 ):373-404. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570967



IEEE: Copy

JAFARI SAMIMI, A., GHOLAMI, Z., TEHRANCHIAN, A., EHSANI, M., 2016. THE EFFECT OF MONETARY POLICY AND BANKING CREDITS ON GROSS DOMESTIC PRODUCT IN IRAN: A THRESHOLD VAR APPROACH. JOURNAL OF MONETARY AND BANKING RESEARCHES, [online] 9(29 ), pp.373-404. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=570967.



 
 
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