The Impact of Monetary Policy on the Some Economic Variables of Iraq Economy Through Credit Channel

Authors

  • Sadeq thamer Ajel Ph.D. Student in Economics, Tarbiat Modares University, Dhi Qar city, Iraq
  • Bahram Sahabi Associate Professor in Economics, Tarbiat Modares University,Tehran, Iran
  • Hasan Heydari Assistant Professor in Economics, Tarbiat Modares University,Tehran, Iran
  • Abbas Assari Associate Professor in Economics, Tarbiat Modares University,Tehran, Iran

Keywords:

Monetary Policy; Inflation; Economic Growth; Credit Channel; TSVAR Model

Abstract

The threshold effect of monetary policy on the nominal and real economic variables through the credit channel in Iraq has been investigated using the threshold structural vector autoregressive model from 1970-2018. The results showed that the threshold of money growth in the nominal sector (inflation) is 3.13% and in the real sector is 9.76 % per year. Also, the impact of monetary policy values above the threshold on the real sector (economic growth) through the credit channel This shows a statistically significant relationship, and values below the threshold have been confirmed only in the long run. In the nominal sector, the effect of the monetary policy above the threshold is only confirmed in the short run, and below the threshold values are This shows a statistically significant relationship.

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Published

2023-12-27

How to Cite

Sadeq thamer Ajel, Bahram Sahabi, Hasan Heydari, & Abbas Assari. (2023). The Impact of Monetary Policy on the Some Economic Variables of Iraq Economy Through Credit Channel. Kurdish Studies, 11(2), 696–715. Retrieved from https://kurdishstudies.net/menu-script/index.php/KS/article/view/648

Issue

Vol. 11 No. 2 (2023): Kurdish Studies

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.