The Effect of Financial Fragility on Macroeconomic Variables: TVP_VAR Model for the Iranian Economy
Publish Year: 1401
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IJBDS-14-1_002
تاریخ نمایه سازی: 10 اسفند 1401
Abstract:
The present study aimed to investigate the effect of financial fragility on macroeconomic variables within a TVP-VAR model. For this purpose, first the financial fragility variable was calculated. Then, this study evaluated the effect of this variable on macroeconomic variables including economic growth rate, inflation rate, and exchange rate. In this study, the quarterly data for the period ۲۰۰۱-۲۰۲۰ were used. The results indicated that financial fragility had a negative effect on economic growth but a positive effect on exchange rate and inflation by creating uncertainty in the economy. In other words, financial fragility in Iran increased economic fluctuations by reducing economic growth and increasing inflation and exchange rates.
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Authors
Alireza Rezaee
PhD Candidate, Department of Financial Management and Accounting, Yazd University, Yazd, Iran.
Dariush Fareed
Associate Professor, Department of Financial Management and Accounting, Yazd University, Yazd, Iran.
Habib Ansari Samani
Associate Professor, Department of Economics, Yazd Univesrity, Yazd, Iran.