Though Iran's economy has experienced various types of sanctions post revolution and during the war with Iraq, the latest series of economic sanctions by the U.N. Security Council, based on Resolutions 1737 and 1747, seems to have adversely affected the Iranian economy in a multi-faceted manner....

The objective of this study is to estimate the demand for money in Iran using the autoregressive distributed lag (ARDL) approach to cointegration analysis. The empirical results show that there is a unique cointegrated and stable long-run relationship among M1 monetary aggregate, income,...