This paper examines the major determinants of inflation in Iran using annual time series data (1971 to 2006) by applying the ARDL approach. Taking into account the special characteristics of Iran’s economy and by considering recent empirical studies in the context of inflation, an empirical...

The article examines whether the stock market is predictable, and provides evidence that several basic financial and economic factors have predictive power for the market excess return. The explanatory power of the Multifactor and Autoregressive (AR) models to the expected return of the Tehran...