Volume 20, Issue 2 (7-2015)                   JEPR 2015, 20(2): 103-114 | Back to browse issues page

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raispour A, esnaashari H, mehrabi H. (2015). The Effects of Monetary Shocks in Gold Coin Price in Iran. JEPR. 20(2), 103-114.
URL: http://jpbud.ir/article-1-383-en.html
The Effects of Monetary Shocks in Gold Coin Price in Iran
Ali Raispour *1 , Hajar Esnaashari2 , Hoseen Mehrabi3
1- Islamic Azad University; Kerman Branch. Kerman, Iran , raeispour@iauk.ac.ir
2- University of Sistan & Baluchestan
3- Kerman University
Abstract:   (6399 Views)

  Monetary policies are the main instruments of macroeconomic and understanding their impacts is an important step in planning and national and regional development. In this study the effects of monetary shocks in coin price was studied by time series for 1981-2012. For this, GARCH technique was used to modeling and calculates the monetary shock. Also the relationship between monetary shocks, the world price of gold, oil revenues and exchange rate with coins price of Iran were analyzed using the ARDL model. Results show that in long-run exchange rate has negative effect and other variables have direct and meaningful effect on coin price of Iran

Keywords: Monetary Shock, Gold Coin Price, Exchange Rate, GARCH, ARDL.
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Type of Study: Research | Subject: General
Received: Sep 02 2012 | Accepted: Apr 27 2016 | ePublished: Apr 27 2016
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