Eslamloueyan, Karim; Darvishi, Ali - In: Iranian Economic Review 12 (2007) 2, pp. 105-126
proposed by Pesaran, Shin, and Smith (2001) to study the short- and long-run effects of bank credit on inflation in Iran, a … resulted from bank nationalization and the implementations of interest-free banking have affected price level movement in Iran … rate. However, bank credit has no short-run effect on price level movement in Iran. Furthermore, the paper shows that the …