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Determinants of Seasonal Output Gap in Iran

Reza Nasr Esfahani; Nematollah Akbari; Rasool Bidram

Volume 7, Issue 22 , April 2005, , Pages 43-68

Abstract
  In this paper we examine the effects of nominal variables on the GDP gap in Iran. The potential GDP is obtained by Prescott filtering method.    A VAR model is set up & estimated for GDP gap, inflation, market exchange rate growth, and liquidity growth. The results show that nominal variable ...  Read More