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Money and Inflation in the Islamic Republic of Iran

Author: Leo Bonato; International Monetary Fund. Middle East and Central Asia Department.
Publisher: Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., 2007.
Series: IMF working paper, WP/07/119.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of 2006, looking at the structural stability of the  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Bonato, Leo.
Money and Inflation in the Islamic Republic of Iran.
Washington, D.C. : International Monetary Fund, Middle East and Central Asia Dept., 2007
(OCoLC)143569217
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Leo Bonato; International Monetary Fund. Middle East and Central Asia Department.
ISBN: 1282558005 9781282558007
OCLC Number: 647378616
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (17 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/07/119.
Responsibility: prepared by Leo Bonato.

Abstract:

This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of 2006, looking at the structural stability of the estimated relationships and the ability of the model to predict inflation at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with no evidence of a structural change.

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