TY - JOUR ID - 30191 TI - A Financial Stress Index for the Economy of Iran and its Impacts on Economic Growth JO - Journal of Economic Research (Tahghighat- E- Eghtesadi) JA - JTE LA - en SN - 0039-8969 AU - dargahi, Hassan AU - Nikjoo, Faezeh AD - Y1 - 2013 PY - 2013 VL - 47 IS - 4 SP - 19 EP - 40 KW - economic growth KW - Economy of Iran KW - Financial markets KW - Financial stress KW - General to Specific Approach DO - 10.22059/jte.2013.30191 N2 - This paper presents a new index of financial stress which is constructed by macro data from different financial markets (including banking sector and also housing, foreign exchange and stock markets). The proposed approach has been applied to the Iranian economy based on the available quarterly time series, covering the period 1991(1)–2008(2). The paper explains how the selected components capture key aspects of financial stress. The regression of cyclical components technique and weighting by coefficients of determination is used as a weighting scheme. The results of the estimated growth model show that the constructed FSI provides valuable information about economic growth volatilities. JEL Classification: N2, R11, D8 UR - https://jte.ut.ac.ir/article_30191.html L1 - https://jte.ut.ac.ir/article_30191_d9f8d2b7d890cf87c58bff3915926b62.pdf ER -