Analysis of the asymmetric effect of oil prices and inflation gap on the informal exchange rate in Iran through the Nonlinear ARDL Approach

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.

ZAROKI SHAHRYAR; Yousefi barfurushi Arman; Fathollahzadeh Amir Hossein

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

Journal Paper

Paper Information

Journal: Journal of Economic Policy Year:2020 | Volume:11 | Issue:22 Page(s): 33-61

Download Full-Text

Persian Verion

View:

271

Download:

Cites:

Information Journal Paper

Title

Analysis of the asymmetric effect of oil prices and inflation gap on the informal exchange rate in Iran through the Nonlinear ARDL Approach

Author(s)

ZAROKI SHAHRYAR | Yousefi barfurushi Arman | Fathollahzadeh Amir Hossein | Issue Writer Certificate

Keywords

Oil priceQ2

Informal exchange rateQ1

AsymmetricQ2

NARDLQ1

Abstract

In oil economies such as Iran, the exchange rate in the informal market is an important variable influenced by Oil price variation. Accordingly, and considering the importance of oil and its price in the Iranian economy, this study seeks to evaluate the effect of the global Oil price on the unofficial exchange rate (dollar) in an Asymmetric shape alongside the inflation gap between Iran and the United States. For this purpose, model estimation was done using linear and nonlinear ARDL approaches and monthly data during a period from Jan., 1983 to December, 2017. The results indicate that, in the symmetric approach, Oil price shocks have negative effects on the Informal exchange rate just in a long run. According to the nonlinear approach, however, oil shocks have an Asymmetrical effect on the Informal exchange rate of Iran. The positive impacts of Oil prices on the exchange rate in both the short and the long terms are significant, but the negative impacts are not significant on the exchange rate. Also, the inflation gap between Iran and the United States proved to have a significant effect on the exchange rate with both linear and nonlinear patterns and in the short and long runs.

Cites

No record.

References

No record.

Cite

APA: Copy

ZAROKI, SHAHRYAR, Yousefi barfurushi, Arman, & Fathollahzadeh, Amir Hossein. (2020). Analysis of the asymmetric effect of oil prices and inflation gap on the informal exchange rate in Iran through the Nonlinear ARDL Approach. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, 11(22 ), 33-61. SID. https://sid.ir/paper/380733/en

Vancouver: Copy

ZAROKI SHAHRYAR, Yousefi barfurushi Arman, Fathollahzadeh Amir Hossein. Analysis of the asymmetric effect of oil prices and inflation gap on the informal exchange rate in Iran through the Nonlinear ARDL Approach. BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH[Internet]. 2020;11(22 ):33-61. Available from: https://sid.ir/paper/380733/en

IEEE: Copy

SHAHRYAR ZAROKI, Arman Yousefi barfurushi, and Amir Hossein Fathollahzadeh, “Analysis of the asymmetric effect of oil prices and inflation gap on the informal exchange rate in Iran through the Nonlinear ARDL Approach,” BIQUARTERLY JOURNAL OF ECONOMIC RESEARCH, vol. 11, no. 22 , pp. 33–61, 2020, [Online]. Available: https://sid.ir/paper/380733/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops