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The Role of Moral Hazard Risk and Central Bank Transparency on Employment with a Wavelet Smoothing Approach
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S Sanaei1   , K Sohaili2 , SH Fattahi2 |
1- Ph.D. Student, Department of Economics, Faculty of Economics, Razi University, Kermanshah, Iran
2- Department of Economics, Faculty of Economics, Razi University, Kermanshah, Iran |
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Abstract: (970 Views) |
Background: Today, employment is one of the biggest economic problems of most countries, especially developing countries, and it is one of the issues that economists pay attention to. Employment is one of the most important economic issues of the country, which affects other social and economic areas and makes them undergo changes. One of the areas affected by employment is ethics, which plays an important role in the social sphere of society. In this research, an attempt has been made to study and prove the relationship between the risk of moral hazard and the transparency of the central bank on employment in MENA countries.
Method The current research method is applied and data collection and analysis is correlational. The statistical population used in this research includes macro variables during the years 2012 to 2022 collected from the World Bank and the corruption perception index collected from the Transparency International Organization. A simple random sampling method has been used in this field. Wavelet analysis approach has been used to measure the relationship between moral hazard risk and macro variables on employment. In this regard, MATLAB and R software was used.
Results: Based on the estimate made based on the wave approach, it has been proven that there is a relationship between the risk of moral hazard and the transparency of the central bank on employment.
Conclusions: According to the estimate, it was determined that the effect of the moral hazard risk index and the transparency of the central bank on employment will be the same phase and this can lead to a decrease in the efficiency of the economic, social and political foundations of the country and ruin the society.
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| Keywords: KeywordsMoral Hazard Risk, Employment Index, Macro Variables, Central Bank Independence, Wavelet Analysis |
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Full-Text [PDF 1486 kb]
(363 Downloads)
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Type of Study: Research |
Subject:
Special
Received: 2023/10/8 | Accepted: 2023/12/1 | Published: 2025/01/29
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