Volume 28 (2023)
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Volume 24 (2019)
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Volume 22 (2017)
Volume 21 (2016)
Volume 20 (2015)
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Volume 16 (2011)
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The Estimation of Iranian Money Demand Function: Smooth Transition Autoregression with Interest Rate Threshold

Madjid Hatefi Madjumerd; Omolbanin Jalali; Alireza Kafiri

Volume 24, Issue 78 , April 2019, , Pages 163-193

https://doi.org/10.22054/ijer.2019.10166

Abstract
  The main objective of this study is to evaluate the effect of saving rate on money demand function’s regime change in the framework of nonlinear smooth transition auto-regressive method covering the period 1352-1396. In this regard, the linear model was tested against nonlinear model and it revealed ...  Read More

Equity Premium Puzzle and Bubble Risk and Epstein- Zin Recursive Preferences Function in Iran’s Securities Market

Madjid Hatefi Madjumerd; gholamreza zamanian; Mohammad Nabi Shahiki Tash

Volume 22, Issue 70 , April 2017, , Pages 175-206

https://doi.org/10.22054/ijer.2017.7969

Abstract
  The present study aims to interpret equity premium puzzle based on the bubble risk approach in Iran’s securities market for the period 1996:09-2016:10. To this end, discovery of bubbles, estimation of the Epstein-Zin Preferences function, and interpretation of equity premium are examined. After ...  Read More