The estimation of Iran’s macroeconomics instability index
In this study, we estimate the macroeconomics instability index over the period 1963-2003. Using the definition of Fischer and Bleaney, the study calculates the “macroeconomics instability index”. In order to compute the macroeconomics instability index, four sub-indices of inflation rate, the fract...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-05-01
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| Series: | Management Science Letters |
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| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2014_106.pdf |
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| author | Abdolmajid Ahangari Aziz Arman Aziz Saki |
| author_facet | Abdolmajid Ahangari Aziz Arman Aziz Saki |
| author_sort | Abdolmajid Ahangari |
| collection | DOAJ |
| description | In this study, we estimate the macroeconomics instability index over the period 1963-2003. Using the definition of Fischer and Bleaney, the study calculates the “macroeconomics instability index”. In order to compute the macroeconomics instability index, four sub-indices of inflation rate, the fractional ratio of budget to the gross national product, the ratio of foreign debt to the gross national product, and the ratio of the free exchange rate to the official exchange rate as the determinant variables of the macroeconomics instability are considered. Then, the study estimates the equations for long-term processes for each variable and determines the deviations from the real values. We also obtain the time series for the macroeconomics instability index, using the calculated simple mean of the variables’ deviations and discuss the results. |
| format | Article |
| id | doaj-art-76eb10bfda6d4a7984a31497cbc5885a |
| institution | OA Journals |
| issn | 1923-2934 1923-9343 |
| language | English |
| publishDate | 2014-05-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj-art-76eb10bfda6d4a7984a31497cbc5885a2025-08-20T01:58:04ZengGrowing ScienceManagement Science Letters1923-29341923-93432014-05-014687188210.5267/j.msl.2014.4.003The estimation of Iran’s macroeconomics instability indexAbdolmajid AhangariAziz ArmanAziz Saki In this study, we estimate the macroeconomics instability index over the period 1963-2003. Using the definition of Fischer and Bleaney, the study calculates the “macroeconomics instability index”. In order to compute the macroeconomics instability index, four sub-indices of inflation rate, the fractional ratio of budget to the gross national product, the ratio of foreign debt to the gross national product, and the ratio of the free exchange rate to the official exchange rate as the determinant variables of the macroeconomics instability are considered. Then, the study estimates the equations for long-term processes for each variable and determines the deviations from the real values. We also obtain the time series for the macroeconomics instability index, using the calculated simple mean of the variables’ deviations and discuss the results.http://www.growingscience.com/msl/Vol4/msl_2014_106.pdf Macroeconomics Instability IndexInflationDeficitExternal DebtExchange Rate Premium (ERP) |
| spellingShingle | Abdolmajid Ahangari Aziz Arman Aziz Saki The estimation of Iran’s macroeconomics instability index Management Science Letters Macroeconomics Instability Index Inflation Deficit External Debt Exchange Rate Premium (ERP) |
| title | The estimation of Iran’s macroeconomics instability index |
| title_full | The estimation of Iran’s macroeconomics instability index |
| title_fullStr | The estimation of Iran’s macroeconomics instability index |
| title_full_unstemmed | The estimation of Iran’s macroeconomics instability index |
| title_short | The estimation of Iran’s macroeconomics instability index |
| title_sort | estimation of iran s macroeconomics instability index |
| topic | Macroeconomics Instability Index Inflation Deficit External Debt Exchange Rate Premium (ERP) |
| url | http://www.growingscience.com/msl/Vol4/msl_2014_106.pdf |
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