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The Impact of Monetary and Fiscal Policies on Macroeconomic Variables in Islamic Countries: A Panel VAR Approach
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Ebrahim Safarzadeh1   , Roya Aleemran *2 , Seyedali Paytakhti oskoii1 |
1- Department of Economics, Ta.C., Islamic Azad University, Tabriz, Iran.
2- Department of Economics, Ta.C., Islamic Azad University, Tabriz, Iran. , Roya.aleemran@iau.acir |
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Abstract: (17 Views) |
In terms of purpose, this research is applied, in terms of type, it is part of descriptive-correlation research. Estimating the impact of monetary and fiscal policy on macroeconomic variables such as gross domestic product, interest rates, exchange rates, and prices is very important in all countries, especially Islamic countries, so in this study, monetary and financial policies and macroeconomic variables are investigated. In selected Islamic countries, it has been discussed with the Panel VAR approach. In order to collect the required information, this research was done from various tools such as internal websites and visiting libraries. Also, EXCEL software and EVIEWS13 statistical software were used to test the hypotheses and finally analyze the data. The research results have shown that the effects of monetary policy on GDP, price index and exchange rate are positive and significant, and the effects of this policy on interest rate are negative and significant. Also, the general result shows the confirmation of the main questions of the research, i.e. the influence of monetary and fiscal policy on macroeconomic variables in selected Islamic countries.
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Article number: 13 |
| Keywords: Monetary policy, fiscal policy, macroeconomic variables. |
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Full-Text [PDF 580 kb]
(7 Downloads)
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Article type: Research |
Subject:
Special
Received: 2026/02/11 | Accepted: 2026/05/20 | Published: 2026/08/23
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