Measuring the impact of the cash shock in Iraq for the period 1990-2015 Using the structural self-regression model (SVAR)

Ahmed Abdel-Zahra Hamdan, D.

	Measuring the impact of the cash shock in Iraq for the period 1990-2015 Using the structural self-regression model (SVAR)
Iraqi Journal For Economic Sciences
Article 1, Volume 0, Issue 52, 2017, Pages 27-69
Author
D. Ahmed Abdel-Zahra Hamdan
Abstract
The monetary shock means the sudden changes in money supply or monetary variables , and it is an interesting matter, because continuous volatility in monetary sector . Economist Snowden says … “the monetary authorities, themselves, have no idea what the rate of money creation will be next month, because of constantly shifting, intense political pressures “ This paper presents estimates of the effect of monetary policy shock on the Iraqi economy. A theoretical model of an open economy is used to identify a structural VAR model , and this reflects the importance of oil prices on the activity of the Iraqi economy . The organization of this paper is as follows. Section one presents the theoretical and analytical framework, Section two presents the methodology, we implemented in our analysis, identifying the analysis structure, according to estimation results , the IRF analysis and Variance decomposition. This paper ended with concluding remarks. Key Words : Monetary Shock , Structural Vector Auto Regression Model

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