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- Title
تارئا هيمؤر1ى ىزرا ىداصقادشررب لب شقربديكأت مروت دد': ناري يىأعساي ديدج تفأيهد(وكرابم ى-)كئيجيئوس
- Authors
روصتم ى; نيسحرؤس رو; دواد ىديهح ى; قداص
- Abstract
The main purpose of the present study is to investigate the effects of excliange regimes on economic growth with emphasis on the role and intermediation of inflation in Iran in different business cycles. In this regard, using tie Markov Switching method in the period 1961-2016, the objective has been studied. The estimation results show that the Iranian economy has three regimes, moderate growth and high economic growth, so hat the recession moderate growth regime sliould use a fixed exchange rate regime؛ to increase economic growth by increasing stability' and increasing investment. During the recession and in the range of -0/16 to 14% of inflation, the fixed system is suitable and in the rest of tie inflation floating-system rate, is suitable for economic growth by increasing the competitiveness of domestic products against foreign products that have been weakened due to inflaton Estimated results for high growth period show that in the inflation range of 5 to 44%, tie floating system has tie best performance for economic growth due to increased competitiveness of domesfic production against foreign products.
- Subjects
IRAN; BUSINESS cycles; PRICE inflation; ECONOMIC indicators; ECONOMIC expansion; RECESSIONS; INFLATION targeting; FOREIGN exchange rates
- Publication
Quarterly Journal of Economic Growth & Development Research, 2022, Vol 12, Issue 46, p105
- ISSN
2228-5954
- Publication type
Article
- DOI
10.30473/ER2020.54373.5927