An Investigation of Monetary PoliciesEffects on Properties Pricing In Iran

Subject Areas : Financial Economics

مجید احمد لو ¹

1 - استادیار دانشگاه آزاد واحد اردبیل

Received: 2015-10-18 Accepted : 2015-12-07 Published : 2016-03-10

Keywords: Key Words: Monetary Policies, Physical and Financial property Prices, Co-integration Technique, vector error correction model, JEL Classification: E52, D51, C51,

Abstract :

Abstract This paper investigates monetary policies effects on property pricing for the case of Iran over the period 1369-1392.  For this objective, we apply Co-integration technique and vector error correction model (VECM). We obtain Data set from Iran’s central bank time series database. The results of this study showed that there is a short-run and long run relationship from bank credit and a long-run relationship from liquidity and inflation to physical property prices. In addition, there is a short-run and long run relationship from inflation and a long-run relationship from liquidity and banks short-run profit rate to financial property prices. These results suggest that monetary effects on especially financial property prices appear with time lag.  

References:

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