February 21, 2024
Abdolkarim Hosseinpoor

Abdolkarim Hosseinpoor

Academic Rank: Assistant professor
Address:
Degree: Ph.D in Economics
Phone: 07731222772
Faculty: School of Business and Economics

Research

Title Investigating the non-linear effects of the economic sanctions index on the relationship between monetary policy transmission channels and economic growth in Iran
Type Article
Keywords
sanctions index, monetary policy, transmission channels, economic growth
Journal International Journal of Nonlinear Analysis and Applications
DOI 10.22075/IJNAA.2021.5860
Researchers Hossein bastin (First researcher) , sayyed Abdolhamid SABET (Second researcher) , MASOD SALEHI REZOH (Third researcher) , Abdolkarim Hosseinpoor (Fourth researcher)

Abstract

Extensive studies have been conducted on the relationship between monetary policy transmission channels and economic growth; however, there is no comprehensive theory in the literature. The relationship between monetary policy channels and economic growth is influenced by many economic and non-economic factors that vary depending on countries’ economic and political conditions. A key factor in Iran over the last four decades has been economic sanctions. According to the cause; The purpose of this study was to investigate the non-linear effects of the sanctions index on the relationship between monetary policy transmission channels and economic growth in Iran during the period 2011-2018 with a non-linear approach and using the NARDL method. The findings of this study showed that in the period under review, the exchange rate had a negative and significant effect on economic growth, which has become stronger with the introduction of sanctions in the model. Similar results were obtained for the bank credit variable, with the difference that bank credit has had a positive and significant effect on economic growth, strengthened by the sanctions index in the model. Other results also showed that interest rates had not had a significant effect on economic growth.