Volume 2, Issue 7 (6-2012)                   jemr 2012, 2(7): 127-151 | Back to browse issues page

XML Persian Abstract Print


Abstract:   (14405 Views)

    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.

 

Full-Text [PDF 904 kb]   (1474 Downloads)    
Type of Study: توسعه ای | Subject: پولی و مالی
Received: 2011/03/11 | Accepted: 2012/06/18 | Published: 2012/06/15