Volume 29 (2024)
Volume 28 (2023)
Volume 27 (2022)
Volume 26 (2021)
Volume 25 (2020)
Volume 24 (2019)
Volume 23 (2018)
Volume 22 (2017)
Volume 21 (2016)
Volume 20 (2015)
Volume 19 (2014)
Volume 18 (2013)
Volume 16 (2011)
Volume 15 (2010)
Volume 14 (2010)
Volume 13 (2009)
Volume 12 (2008)
Volume 11 (2008)
Volume 10 (2008)
Volume 9 (2007)
Volume 8 (2006)
Volume 7 (2005)
Volume 6 (2004)
Volume 5 (2003)
Volume 4 (2002)
Volume 3 (2001)
Volume 2 (2000)
Volume 1 (1995)
Properties of Optimal Consumption under Liquidity Constraints: New Results by Control Theoretic Approach

Masoud Derakhshan

Volume 17, Issue 50 , April 2012, Pages 1-42

Abstract
  Optimality conditions for consumption behavior with liquidity constraints are obtained using the functional recurrence equation in Bellman’s dynamic programming and the generalized Hamiltonian function in Pontryagin’s maximum principle.  The rejection of Hall’s random walk hypothesis ...  Read More

Market Structure in Iran's Banking Sector: An Application of Multilevel Models

Atousa Goudarzi; Afsaneh Shafiee

Volume 17, Issue 50 , April 2012, Pages 43-64

Abstract
  This paper analyzes Iran's banking market structure, using unbalanced panel data models during 1997-2009. To study the market structure, various measures of market concentration are examined theoretically and the U index of concentration is applied to Iran's banking system. The results show that, along ...  Read More

An Evaluation of Alternative BVAR Models for Forecasting Iranian Inflation

Hassan Heydari

Volume 17, Issue 50 , April 2012, Pages 65-81

Abstract
  This paper investigates the use of different priors to improve the inflation forecasting performance of BVAR models with Litterman’s prior. A Quasi-Bayesian method, with several different priors, is applied to a VAR model of the Iranian economy from 1981:Q2 to 2007:Q1. A novel feature with this ...  Read More

Relative Performance of Components Variance Estimators in Random Effects Models

Teymur Mohamadi

Volume 17, Issue 50 , April 2012, Pages 83-98

Abstract
  This paper presents an assessment of the small-sample performance of the three well-known estimators of components variance in random effects model for panel data. The estimators considered are Swamy-Arora, Wansbeek-Kaptayn and Wallace-Hussain. To this end, by simulating a one-way error component model ...  Read More

A Long Run Structural Macroeconometric Model for Iran

Majid Sameti; Bahareh Teimouri

Volume 17, Issue 50 , April 2012, Pages 99-137

Abstract
  We employ the modelling strategy of Garratt, Lee, Pesaran and Shin (2003a) to estimate a structural cointegrating VARX* model for Iran in which core macroeconomic variables of the Iranian economy are related to current and lagged values of a number of key foreign variables. The long run macroeconomic ...  Read More

The Impact of Migrant Labor Force on Housing Sector’s Efficiency of Iran

Hamid Sepehrdoust

Volume 17, Issue 50 , April 2012, Pages 139-157

Abstract
  Iran has been host to the largest number of migrants in the form of Afghan refugees since 1982. These refugees have been permitted to find jobs in Iranian labour market, particularly in the labour intensive markets like manual jobs and construction activities which could not easily be filled by Iranian ...  Read More

Derivatives and the Financial Crisis of 2008: Managing Risk, Creating Risk, and Regulations

Atefeh Taklif

Volume 17, Issue 50 , April 2012, Pages 159-177

Abstract
  Exchange-traded derivatives, i.e., futures and options are the most powerful financial instruments in financial markets for hedging policies aimed at managing the price risks which are originated in physical markets as well as for speculative strategies.  After a brief reference to the nature of ...  Read More

Financial Stability and Early Warning Systems: Lessons for I.R. of Iran

Kazem Yavari

Volume 17, Issue 50 , April 2012, Pages 179-195

Abstract
  The main purpose of this paper is to overview early warning systems, discussing their importance and relevance for current situations of Iran’s financial system and economy. An early warning system generates ex-ante warnings of potential problems that may emerge or develop in the future on account ...  Read More