rate, and the use of stock market indices as a hedge against inflation. It also examines the volatilities of monetary … variables, interest rates, and inflation rate on two Islamic stock market indices. Using time series analysis such as GARCH the … results are as follows. It is found that in the variance univariate models of the conventional indices that M1, M3, inflation …

countries with high inflation, the output effects of monetary policies are significantly reduced. A lot of variation in the …