Short term and long term effects of monetary and fiscal policy on Iran s Stock Exchange

afsane taheri¹ neda hajmaleki²

1) Iran,PhD Tehran University of managment , taheri
2) iran,university of takestan,

IOI Code : XYHB-BEDCK
Publication : The 3rd International conference in Management in the 21st Century (3icm21.com)
Abstract :
    Based on a lot of theory and economic theory, prices on the stock market by some macroeconomic variables such as inflation, exchange rates, etc. are determined.has made. In order to achieve this using ARDL model and short and long term effects of monetary and fiscal policy on the stock exchange, along with variables such as inflation, exchange rate market and oil revenues were studied. Results indicate that government expenditures (fiscal policy) during the period of short term and long term no significant effect on the prices Stock Exchange. But two variables, inflation and liquidity (monetary policy) in short-term and long-term positive effect on the stock exchange period. For example.Finds./ 6 and 4/12 percent.

Keywords : stock exchange price index monetary and fiscal policies inflation liquidity