Showing 2 results for Ardl Model.
Rahim Dallali Esfahani, Said Samadi, Mohammad Mahdi Mojahedi, Amir Jabbari, Reza Samadi Boroujeni,
Volume 3, Issue 7 (3-2012)
Abstract
This paper examines the effects of different variables on inflation in the monetary economics using endogenous growth models. So, different aspects of inflation formation were analyzed based on micro-foundations. We investigated the role of imported inflation, fiat money, expectations, monetary base and capital accumulation on inflation using an endogenous growth model. An ARDL approach was utilized to estimate the model for Iranian economy during 1979 -2008. The estimation results show that imported inflation affects the inflation through the exchange rate channel. Also, expectations, capital return and monetary base play an outstanding role in Iranian economy.
Mohammad Sarrafi Zanjani, Nader Mehregan,
Volume 9, Issue 33 (10-2018)
Abstract
Studying currency shocks impact on the stock market could be beneficial regarding to exchange rate fluctuations caused by various exchange policies in recent years. Therefore symmetrical or asymmetrical impacts of negative and positive dollar shockwaves in the market on indexes of chemical and basic metals industry are under investigation by weekly data collected since 2006 up to 2016 as these two industries have the most non-oil exports of Iran. First existence of long-term equilibrium relationship was examined by Pesaran Bound test and confirmed. Afterwards in addition to admitting asymmetric effect of positive and negative foreign exchange shocks on the indexes using WALD test, based on the results of the main model of the research which is the Nonlinear Autoregressive Distributed Lag (NARDL), effects of increasing in dollar rate on both indexes are positive and meaningful and the effect of its decreasing is meaningless. In addition the extracted coefficients indicates deeper effects of free dollar rate on the chemical index in comparison with index of the basic metals. OPEC crude oil, which is the control variable considered in this article has a direct and significant effects on both indicators on the short and long term.
