Distribution of income is among the most important issues in welfare economics. Economic literature provides different ways to measure income inequality. Most common inequality indices provide information about the income distribution and analyze the inequality of income allocation without any...

This study examines how the Canadian stock market reacts to the Fed’s policy. Although many research studies have measured the bilateral correlation among national stock markets, rarely have they investigated this correlation within a Free Trade Zone (FTZ). We use a Vector Error...

Though Iran’s economy has experienced various types of sanctions post revolution and during the war with Iraq, the latest series of economic sanctions by the U.N. Security Council, based on Resolutions 1737 and 1747, seems to have adversely affected the Iranian economy in a multi-faceted...

The objective of this study is to estimate the demand for money in Iran using the autoregressive distributed lag (ARDL) approach to cointegration analysis. The empirical results show that there is a unique cointegrated and stable long-run relationship among M1 monetary aggregate, income,...