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THE INTERACTION BETWEEN NOMINAL AND REAL VARIABLES IN STRUCTURAL VECM: THE CASE OF IRAN

Hamid Abrishami; Mohsen Mehr Ara

Volume 3, 9(Autumn and Winter ) , October 2001, , Pages 43-88

Abstract
  The purpose of this study is to discern the interaction between nominal and real sectors in the context of an oil exporting economy such as Iran. The methodology uses a modeling strategy named structural VECM which provides a practical approach to incorporating long - run structural relationships, ...  Read More