Monetary policy
Javad Khalilzadeh; Hassan Heidari; Sahar Bashiri
Abstract
In this paper, the effect of government expenditures with the volume of bank credits on economic growth in Iran, considering the role of monetary policy in the form of a dynamic stochastic genral equilibrium model is studied. for this purpose, we first defined a model consisting of households, production ...
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In this paper, the effect of government expenditures with the volume of bank credits on economic growth in Iran, considering the role of monetary policy in the form of a dynamic stochastic genral equilibrium model is studied. for this purpose, we first defined a model consisting of households, production sector, government and oil, banks and intermediary financial institutions and the monetary status for the Iranian economy. Then, the model of the study was specified and the equations of each section were explained. After specifying the assumptions, characteristics and relationship of different parts of the model with each other, each section was optimized. After simulating the model, the model was fitted with real and simulated ratios and also using the torque variables and finally, the effects of the impuls response to the shock of government expenditures on the variables of production, consumption, investment, facilities and bank deposits were investigated that in many cases, the results have been consistent with the theoretical expectations and economic realities of the country
s
hamid zolghadr; Hossein Asgharpur; Mohsen Purebadolahan; Behzad Salmani; Asadollah Farzinvash
Abstract
Banks due to their ownership structure have specific objective in granting credits. Hence, Ownership structure can be impact on economic growth by Influencing banks' lending behavior. Purposes of this study are investigating the role of bank ownership in the impact of bank credit on economic growthwith ...
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Banks due to their ownership structure have specific objective in granting credits. Hence, Ownership structure can be impact on economic growth by Influencing banks' lending behavior. Purposes of this study are investigating the role of bank ownership in the impact of bank credit on economic growthwith considering income level of provinces. This research is divided banks into state and private also divided provinces into two groups of high and low income. Econometric model of this research is estimated using panel data in 31 provinces during of 2006-2015. Descriptive analysis results showed that average of total credits each year, 21 percent by private banks and 79 percent by state-owned banks is paid. The findings of the model estimation indicate that the impact of both types of banks credit on provinces' economic growth was higher in low income levels compared to provinces with high income levels. The results of the tests conducted to measure the difference in the impact of two types of banks in each region indicated that state banks, with a significant difference compared to private banks, had a greater effect on economic growth in lower-income provinces. But the difference in the effectiveness of two types of bank credit on economic growth in provinces with high income level is not significant. Therefore, structure of bank ownership has effective role on the impact of credits on economic growth due to the income level of the regions.
