1
Assistant Professor of Economics, Tarbiat Modares University
2
Master student of economics, Tarbiat Modares University
3
Assistant Professor of Economics, Tabriz University
Abstract
Monetary Policies are one of the important instruments of the economic demand management and are much important in policy making descisions. In this direction, determination the rule of monetary policy making and discretion of expansionary and contractionary monetary policies are also important for policy makers and economists. In this paper, in addition to analysis of Taylor monetary policy making Rule, has introduced new index for separating of monetary policy, monetary condition index. This index combination of variation of real interest rate and real exchange rate relative to base year and positive variations of this index, denote contractionary monetary policy and negative variations shows that monetary policy is expansionary. In this essay, monetary condition index has calculated using annual Iran economy time series data, from 1352-1385 and in according to it, accomplished expansionary and contractionary monetary policies has been separated.
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Sadeghi,H. , Rostam Zadeh,P. and Asgharpoor,H. (2007). Separation of Monetary Policies Using Monetary Condition Index in Iran. The Journal of Economic Studies and Policies, 0(12), 59-82.
MLA
Sadeghi,H. , , Rostam Zadeh,P. , and Asgharpoor,H. . "Separation of Monetary Policies Using Monetary Condition Index in Iran", The Journal of Economic Studies and Policies, 0, 12, 2007, 59-82.
HARVARD
Sadeghi H., Rostam Zadeh P., Asgharpoor H. (2007). 'Separation of Monetary Policies Using Monetary Condition Index in Iran', The Journal of Economic Studies and Policies, 0(12), pp. 59-82.
CHICAGO
H. Sadeghi, P. Rostam Zadeh and H. Asgharpoor, "Separation of Monetary Policies Using Monetary Condition Index in Iran," The Journal of Economic Studies and Policies, 0 12 (2007): 59-82,
VANCOUVER
Sadeghi H., Rostam Zadeh P., Asgharpoor H. Separation of Monetary Policies Using Monetary Condition Index in Iran. The Journal of Economic Studies and Policies, 2007; 0(12): 59-82.
