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Modeling the Relationship between Exchange Rate and other Macroeconomic Variables: Case Study of Iran (BVAR Approach with SSVS Prior)

Mahdi Sadeghi Shahdani; Hamed Saheb-Honar; Ali Taheri Fard; Seyyed Reza Nakhli

Volume 13, Issue 49 , July 2013, , Pages 1-48

Abstract
  The exchange rate is an important economic variable which affects other macroeconomic variables through different channels. This article estimates the effects of exchange rate shocks on macroeconomic variables of Iranian economy by applying Bayesian VAR method and using different prior functions like ...  Read More