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:: Volume 14, Number 53 (Summer 1396 2017) ::
QEER 2017, 14(53): 135-164 Back to browse issues page
Evaluation of long-term relationship between the price of crude oil, gold prices, house prices and exchange rate in Iran using structural vector error correction approach
Abstract:   (69 Views)

This study examines long-term relationship between oil prices, exchange rates, house prices and the price of gold rials during 4Q1391- 1Q1374 using structural vector error correction approach (svecm) deals. Co-integration test results indicate the existence of a long-term relationship between the variables significant at 99%, is. According to the definition of currency (dollars per unit per Rials), the results of impulse response functions show that monetary gold price shock in the short term, medium term and long term negative effect on the exchange rate. The housing price index shocks in the short term, medium term and long term negative effect on the exchange rate. Crude oil price shock in the short term, medium term and long term, positive effect on the exchange rate.

Keywords: Long-term relationship, exchange rates, the price of monetary gold, crude oil prices, house prices, structural vector error correction approach.
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Type of Study: Research | Subject: Macro Economic-Currencies
Received: 2016/06/30 | Accepted: 2017/05/28 | Published: 2017/09/20
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Evaluation of long-term relationship between the price of crude oil, gold prices, house prices and exchange rate in Iran using structural vector error correction approach. QEER. 2017; 14 (53) :135-164
URL: http://iiesj.ir/article-1-715-en.html
Volume 14, Number 53 (Summer 1396 2017) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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