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        1 - Designing a Model for Explaining the Effect of Macroeconomic Policies on Money and Capital Markets
        Souzan Hossienzadeh Gholamreza Zomorodian Ebrahim Chirani
        Macroeconomic policies are an important tool for governments to achieve financial commitments andtheir social and economic goals. Macroeconomic policies have different types and their implementationcan effects different markets in various ways which can cause change and More
        Macroeconomic policies are an important tool for governments to achieve financial commitments andtheir social and economic goals. Macroeconomic policies have different types and their implementationcan effects different markets in various ways which can cause change and turbulence in them. With thisapproach, in the present study by using the Bayesian Causal Map (BCM) and seemingly unrelatedregression equations (SURE) model, a model is designed to explain the effect of macroeconomic policieson money and capital markets. It should be noted that the time period of the present study was 1989 to2019. The results of the present study showed that money and capital markets are affected by variablesand policies applied in different markets in both direct and indirect ways. If the amount of savings in thesociety changes as a result of government policies or other economic and non-economic components,the facilities granted by the banking system will change as well. This directly affects the money market.Given that changes in the money market affect the capital market, the capital market is also affected bychanges made in the money market. At the same time, changes in the money market also affect othermacroeconomic variables such as................ Manuscript profile