نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
One of the most important principles in the successful implementation of monetary policy is the central bank's financial strength, which can have significant impacts on the success of the implementation of these policies . Therefore, in this study , the effect of the central bank's financial strength on the inflation rate of the Iranian economy in the period of 1978 to 2015 has been studied . Also , the method used to estimate the model is Autoregressive Distributed Lag (ARDL) . The results of this study indicate that the increase of the central bank's financial strength during the short and long term reduced the price index by -0.66% and -0.16%, respectively. The increase of the central bank's financial strength puts the central bank's balance sheet in a good place , as well , it will increase the efficiency of its monetary policies of this entity and reduce inflation rate .
کلیدواژهها English
جدول(6)آزمون خودهمبستگی و واریانس ناهمسانی
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نتیجه |
RG |
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|
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عدم خودهمبستگی |
( 66/0)=سطح خطا |
وقفه اول |
آزمون خودهمبستگی |
|
(10/0)=سطح خطا |
وقفه پنجم |
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(31/0)=سطح خطا |
وقفه دهم |
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عدم واریانس ناهمسانی |
(65/0)=سطح خطا |
وقفه اول |
آزمون واریانس ناهمسانی |
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(98/0)=سطح خطا |
وقفه پنجم |
||
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(80/0)=سطح خطا |
وقفه دهم |
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منبع:یافتههای تحقیق
نمودار (1) آزمون CUSUM
منبع:یافتههای تحقیق
نمودار (2) آزمون CUSUMQ
منبع:یافتههای تحقیق