دورية أكاديمية
The Co-movement between Output and Prices: Evidence from Iran
| العنوان: | The Co-movement between Output and Prices: Evidence from Iran |
|---|---|
| المؤلفون: | Esmaeil Pishbahar, Mohammad Ghahremanzadeh, Mehri Raei |
| المصدر: | International Journal of Business and Development Studies, Vol 7, Iss 1, Pp 77-84 (2015) |
| بيانات النشر: | University of Sistan and Baluchestan, 2015. |
| سنة النشر: | 2015 |
| المجموعة: | LCC:Business LCC:Finance |
| مصطلحات موضوعية: | dynamic conditional correlation, garch, output, prices, iran, Business, HF5001-6182, Finance, HG1-9999 |
| الوصف: | This paper employs a multivariate dynamic conditional correlation GARCH model, which is developed by Engle (2001, 2002), to detect the timing and nature of changes in the comovement between Iranian output and prices for the periods after Iran–Iraq war , known as imposed war . The results showed that there is a weak correlation between output and prices after imposed war and varies periodically and changes from positive to negative after imposed war and changes from negative to positive again after 2009 crisis in Iran. We conclude that there is a contagion effect of the price index on output. The predominantly negative output-price co-movement suggests that the overall price level was typically countercyclical rather than procyclical. These findings imply the presence of aggregate supply versus aggregate demand shocks and sticky prices. Supply shocks are the main causes of stagflation. To solve the problem of stagflation, governments must adopt policies to push out the aggregate supply curve |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 2538-3302 2538-3310 |
| Relation: | https://ijbds.usb.ac.ir/article_2201_e3de8f7e63b82b5cb2fc08c63078a884.pdf; https://doaj.org/toc/2538-3302; https://doaj.org/toc/2538-3310 |
| DOI: | 10.22111/ijbds.2015.2201 |
| URL الوصول: | https://doaj.org/article/e16531c60f9745f5b70c49bb4e4b5501 |
| رقم الأكسشن: | edsdoj.16531c60f9745f5b70c49bb4e4b5501 |
| قاعدة البيانات: | Directory of Open Access Journals |
| تدمد: | 25383302 25383310 |
|---|---|
| DOI: | 10.22111/ijbds.2015.2201 |