List of Articles نااطمینانی سیاست های اقتصادی

• Open Access Article
  • Abstract Page
  • Full-Text
  
  1 - Uncertainty about economic policies and the stock market in Iran based on Markov switching model
  Hossein Amiri M. Pirdadeh Beyranvand
  One of the factors that investors consider in their decisions is the return on equity. Achieving this return is possible in a situation where economic stability exists. One of the aspects of economic stability is the stability of economic policies that plays an importan More

  One of the factors that investors consider in their decisions is the return on equity. Achieving this return is possible in a situation where economic stability exists. One of the aspects of economic stability is the stability of economic policies that plays an important role in the economy of the country. So, if there is uncertainty about economic policies, this uncertainty will unconscious of the economic activists towards future economic developments, and the subsequent owners of the capital will be able to make decisions for the future, including capital and the money market and the capital market will be in trouble. Considering the importance of the issue in this paper, using the Markov Switching Model and applying annual data, we investigate the effect of economic policy uncertainty on the return on Iranian stock market during the period of 1981-2016. In this research, the variables of economic growth rate, inflation rate, unemployment rate, interest rate and liquidity growth rate are used as independent variables. In order to measure economic policy uncertainty, exchange rate fluctuations and government budget deficits are also used. The findings of the paper show that dynamic communication of uncertainty in economic policies and stock market returns is always negative, as the increase in uncertainty in economic policies significantly reduces capital market returns. Also, the relation between stock market returns and the uncertainty of nonlinear economic policies and the uncertainty about the return on capital during a period of high-fluctuation diet is stronger and more stable. Manuscript profile
• Open Access Article
  • Abstract Page
  • Full-Text
  
  2 - The impact of economic instability on the Iranian stock market with an emphasis on the EPU index - the uncertainty of economic policies.
  Damon Hedayatpour mohammad khezri bijan safavi
  Governments play a colorful role in the capital market as a major observer and policymaker in determining the factors affecting stock returns. The higher the level of government involvement in the economy, is twofold, because these countries have irregular financial mar More

  Governments play a colorful role in the capital market as a major observer and policymaker in determining the factors affecting stock returns. The higher the level of government involvement in the economy, is twofold, because these countries have irregular financial markets and changes in government policies can cause macroeconomic variables and the financial markets of these countries to face many problems. In recent years, the biggest impact, whether official or unofficial, on the capital market has been due to economic policies and related uncertainties. In this regard, in this study, the impact of economic policy uncertainty on the Iranian stock market during the period 1370 to 1399 has been investigated. For this purpose, data from Iran Statistics Center, Program and Budget Organization and Central Bank were used and data analysis was done using VAR vector autoregression model and EVIEWS software. There has been a significant uncertainty of economic policies on the Iranian stock market due to unexpected and unforeseen changes and political shocks during the period under review. Manuscript profile