Equities, Dollar and Gold Hedges against Inflation in Iran Using a Multy Scale Wavelet Analysis

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

PAHLEVANI MOSAYEB; ROSHAN REZA; Leshani mojtaba

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: IRANIAN JOURNAL OF APPLIED ECONOMICS Year:2018 | Volume:7 | Issue:23 Page(s): 27-38

Download Full-Text

Persian Verion

View:

902

Download:

Cites:

Information Journal Paper

Title

Equities, Dollar and Gold Hedges against Inflation in Iran Using a Multy Scale Wavelet Analysis

Author(s)

PAHLEVANI MOSAYEB | ROSHAN REZA | Leshani mojtaba | Issue Writer Certificate

Keywords

Hedging InflationQ1

Wavelet AnalysisQ2

EquitiesQ2

GoldQ1

DollarQ2

Abstract

Under inflation condition, the investors are always looking for investing in assets which are maintaining the real value of money and also have appropriate returns. Fisher brought up for the first time that nominal returns are equal to the sum of real returns and inflation. In this study, the Fisher hypothesis for the assets such as stocks, Gold and foreign currencies (US Dollars) is examined for Iran’ s economy over the period of 2000 to 2014. Unlike previous studies established based on the short and long-term, the present study has examined the mentioned hypothesis by using Wavelet Analysis for eight different periods. First, the time series of inflation, the growth rate of stock returns, the growth rate of Gold prices, and the growth rate of Dollar have been decomposed by using the wavelet method, which its result are eight new time series for each variable, so that each time series is the representative of a time period. Then, the Fisher hypothesis has been examined for the same time period of inflation and the asset by using the ordinary regression function analysis. The results indicate that investing in the stock and Dollar in the very short-term and very long-term and investing in Gold in medium-term are appropriate hedges against inflation.

Cites

No record.

References

No record.

Cite

APA: Copy

ROSHAN, REZA, Leshani, mojtaba, & PAHLEVANI, MOSAYEB. (2018). Equities, Dollar and Gold Hedges against Inflation in Iran Using a Multy Scale Wavelet Analysis. IRANIAN JOURNAL OF APPLIED ECONOMICS, 7(23 ), 27-38. SID. https://sid.ir/paper/202076/en

Vancouver: Copy

ROSHAN REZA, Leshani mojtaba, PAHLEVANI MOSAYEB. Equities, Dollar and Gold Hedges against Inflation in Iran Using a Multy Scale Wavelet Analysis. IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2018;7(23 ):27-38. Available from: https://sid.ir/paper/202076/en

IEEE: Copy

REZA ROSHAN, mojtaba Leshani, and MOSAYEB PAHLEVANI, “Equities, Dollar and Gold Hedges against Inflation in Iran Using a Multy Scale Wavelet Analysis,” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 7, no. 23 , pp. 27–38, 2018, [Online]. Available: https://sid.ir/paper/202076/en

Related Journal Papers