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The Investigating of the Dynamic Relationship between Financial Cycles with Business Cycles and the Inflation Gap in Iran: An Application of Wavelet Transform

Saleh Taheri Bazkhaneh; Mohammad Ali Ehsani; Mohammad Taghi Gilak Hakim Abadi

Volume 9, Issue 33 , January 2019, , Pages 121-140

https://doi.org/10.30473/egdr.2018.4482

Abstract
  The 2007 global financial crisis showed that financial cycles is one of the reasons for the fluctuations of macroeconomics and could create business cycles. If there is such a relationship, adopting an active policy response to smooth financial cycles seems necessary. The present study investigates the ...  Read More