تجزيه و تحليل تقاضاي پول در اقتصاد ايران ( 1385 - 1353 )

The Analysis of Demand for Money in Iranian Economy (1974-2006)

The issue of the demand for money is a crucial one in macro economy of each country. The goal of this paper is to analyze and estimate the demand for money for Iranian economy. We have estimated the money demand function for Iran for period of 1974-2006 (32 years). We have used both narrow and broad definitions of money in this paper. In the process of estimation, we have applied both the Johanson co integration method as well as the reaction function and variance decomposition analysis. The ʹjsult of econometricsʹ testing shows that the transaction demand money has greatest impact on Iranian economy in this regard. This result is compatible with theoretical findings. This paper has been encapsulated in four main sections.