An increase in credit, especially consumption can trigger aggregate demand growth above potential output which causes the economy to heat up. This study aims analyze effect of macroeconomic variables, such as interest rates, inflation, and gross domestic product (GDP), on for property credit Indonesia with period January 2011 – December 2018. The results show that short term, rate lag 1 2, infl...

The Great Moderation is often characterized by the decline in the variability of output and inflation from earlier periods. While a multitude of explanations for the Great Moderation exist, notable research has focused on the role of monetary policy. Specifically, early evidence suggested that the increased stability has been associated with monetary policy that responded much more strongly to ...

This introduces the symposium on dynamic general equilibrium. © 2009 Elsevier Inc. All rights reserved. JEL classification: E10; E20; E30

This paper empirically evaluates the operational performance of the McCallum rule, the Taylor rule and hybrid rules in India over the period 1996–2011 using quarterly data, with a view to analytically informing the conduct of monetary policy. The results show that forward-looking formulations of both rules and their hybrid version setting a nominal output growth objective for monetary policy wi...

This paper studies the relationship between public debt and economic growth for selected emerging markets performing panel data estimations. Several regressor variables are included, but the main focus is on public debt. The results reveal a significant positive correlation between public debt and the subsequent growth rate of per capita GDP. Population and investment also yield a significant p...

this study employs a gmdh neural network model, which has high capability in recognition of complicated non-linear trends especially with small samples, for modeling and predicting iranian gdp growth. first a fundamental model containing 7 independent variables together with dependent variable is designed and then by using deductive process and omission of one variable at a time, a total of 18 ...

this paper reviews the relationship between inflation rate and minimum wage in iran’s economy over the 1969-2005. according to the economic literature, there is a narrow relationship between inflation rate and minimum wage. some economists believe in increased inflation due to minimum wage. the other group of economists considers the increased inflation as a cause for increasing minimum wage. t...

the objective of this study is to derive a money demand function compatible with the islamic economic rules, i.e., prohibition of reba. this rule, evidently eliminates the loan market from the economy.therefore, we propose that the islamic financial markets could link the real and nominal sectors of the economy and provide the information needed by both the financial intermediaries and the cent...

the frequent occurrence of currency crises in recent years brought the early warning literature back in the researchers spotlight. in recent years, concept of an early warning system (ews) developed that should be able to identify various costly events, such as currency crises, early enough for policy makers to reduce the costs. this study attempted by using iran's economy quarterly data d...

While the incidence of extreme poverty fell dramatically in China over 1980–2001, progress was uneven over time and across provinces. Rural areas accounted for the bulk of the gains to the poor, though migration to urban areas helped. Rural economic growth was far more important to national poverty reduction than urban economic growth; agriculture played a far more important role than the secon...