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The Role of Financial Policies on the Selection of Commovment among Macroeconomic Variables in Business cycles Deviations under Commitment Conditions
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Maryam Emamimibodi   , Majid Sameti * , Hossien Sharifirenani |
| Islamic Azad University, Isfahan Branch (Khorasgan), , majidsameti@ase.ui.ac.ir |
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Abstract: (2724 Views) |
| The economic fluctuations and the changing business circles of a country play an important role in the economic performance and fate of any country, which is very important and important when considering the economic situation at a time of boom or recession under accrual conditions. In this paper, In the framework of the Ramsey model, the basis of microeconomics is extracted using neoclassical growth model of simulated research variables and real and simulated variables of cyclic components using Hudrick-Prescott method. Through second-order moments and correlation coefficients on the co-movement of financial policy indices with GDP represented by the periphery index and macroeconomic variables such as private sector consumption, trade balance (export and import) and real interest rate over the years 1971 Until 2016 has been paid in Commitment Conditions. The results indicate that fiscal policy has been periodically in Commitment Conditions. Low cross correlation coefficients of fiscal policy indicators with private sector consumption, trade balance (export and import) and real interest rate (except trade balance fiscal policy indicators at the time of economic boom and taxes with real interest rates on terms of full commitment) confirms research hypotheses. |
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| Keywords: Financial Policies, Commitment Conditions, Commovment, Business Cycle, Ramsey model. |
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Full-Text [PDF 1260 kb]
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Type of Study: Research |
Subject:
General
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