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Investigating the Effect of Financial and Monetary Policy on the Iranian Stock Market by Using DSGE Model | ||
| Iranian Economic Review | ||
| دوره 25، شماره 3، آذر 2021، صفحه 509-523 اصل مقاله (746.51 K) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2021.84146 | ||
| نویسندگان | ||
| Abdolsamad Rahmani؛ Saeed Samadi* ؛ Rasul Bakhshi Dastjerdi | ||
| Faculty of Administrative Science and Economics, University of Isfahan, Isfahan, Iran | ||
| چکیده | ||
| This paper uses a dynamic stochastic general equilibrium model to investigate the effect of fiscal and monetary policy on the stock market in Iran. Results show that a positive money shock leads to a rise in output, stock price index, and inflation. In addition, the response of the stock demand to money supply shock is negative. We found that a positive government expenditure shock led to a rise in output and inflation. The response of stock demand and stock price index to the government expenditure shocks are negative. Furthermore, results show that a stock market shock leads to a rise in output and inflation. | ||
| کلیدواژهها | ||
| DSGE Modeling؛ Fiscal Policy؛ Monetary Policy؛ Stock Prices | ||
| مراجع | ||
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