[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
:: Volume 1, Issue 3 (Quarterly Journal of Fiscal and Economic Policies 2013) ::
2013, 1(3): 5-22 Back to browse issues page
The Study of Iran’s Monthly Inflation Rate Dynamics Using STAR Models
Ahmad Jafari Samimi , Siamak Elmi, Sahar Dehghan
Abstract:   (13390 Views)
Inflation is a major problem in many developing countries and high levels of inflation leads to economic growth reduction, misallocation of resources and relative prices disorder. Since linear models have been used in most of the for time series modeling, so this paper using a nonlinear model aims to increase the empirical literature of the inflation sustainability in Iran. This study using the nonlinear STAR models examines the hypothesis that the monthly inflation rate has been stable during 1962-2007. In order to study the unit root hypothesis the Ng, Perron and KPSS testes also have been used. Results suggest that the monthly inflation rate in Iran is nonlinear and follows the LSTAR model. Results also indicate that the monthly inflation rate is locally unstable, so in low regime (less than 2/5 percent) is stable and in a high one is unstable and whenever inflation is in high regime the cost of each inflation rate control policy to is more than it’s benefit, but stability analysis based on unit root tests indicates that monthly inflation rate in the economy of Iran has long-term structure
Keywords: Monthly Inflation rate, Stability, Unit Roots, Nonlinear Models, STAR Models.
Full-Text [PDF 519 kb]   (2139 Downloads)    
Type of Study: Applicable | Subject: Special
Received: 2014/01/21 | Accepted: 2014/01/21 | Published: 2014/01/21
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Jafari Samimi A, Elmi S, Dehghan S. The Study of Iran’s Monthly Inflation Rate Dynamics Using STAR Models. quarterly journal of fiscal and Economic policies. 2013; 1 (3) :5-22
URL: http://qjfep.ir/article-1-102-en.html


Volume 1, Issue 3 (Quarterly Journal of Fiscal and Economic Policies 2013) Back to browse issues page
فصلنامه سیاستهای مالی و اقتصادی Quarterly Journal of Fiscal and Economic Policies
Persian site map - English site map - Created in 0.06 seconds with 32 queries by YEKTAWEB 4006