A | Today the loss of liquidity and the reduction of inflation point by point A Saturday, October 31, 1405 Solari The headline of a newspaper is related to the decrease in the growth of liquidity. Point-to-point growth in liquidity reached 50.9% in October 1405 with a decrease of 0.7 percentage points compared to September. This figure is the lowest liquidity growth rate in the last eight months and the fourth consecutive decline of this index after recording a record of 56.7% in June. Of course, despite the decline in liquidity growth, the continuation of its high growth rate under conditions of negative economic growth still indicates inflationary pressures in the economy; Although its power has been reduced. The author believes the stability of the downward trend of liquidity growth depends on monetary and financial reforms and the reduction of non-economic uncertainty. Also from the point of view of economists, the continuation of this downward trend depends mainly on the stability of the monetary policy and its coordination with the financial policy of the government. The editorial was written by Dr. Taimur Rahmani, a member of the Faculty of Economics, Tehran University. The subject of this editorial is to explain the reason for the drop in inflation point by point.

A | Today the loss of liquidity and the reduction of inflation point by point A Saturday, October 31, 1405 Solari The headline of a newspaper is related to the decrease in the growth of liquidity. Point-to-point growth in liquidity reached 50.9% in October 1405 with a decrease of 0.7 percentage points compared to September. This figure is the lowest liquidity growth rate in the last eight months and the fourth consecutive decline of this index after recording a record of 56.7% in June. Of course, despite the decline in liquidity growth, the continuation of its high growth rate under conditions of negative economic growth still indicates inflationary pressures in the economy; Although its power has been reduced. The author believes the stability of the downward trend of liquidity growth depends on monetary and financial reforms and the reduction of non-economic uncertainty. Also from the point of view of economists, the continuation of this downward trend depends mainly on the stability of the monetary policy and its coordination with the financial policy of the government. The editorial was written by Dr. Taimur Rahmani, a member of the Faculty of Economics, Tehran University. The subject of this editorial is to explain the reason for the drop in inflation point by point.

Dr. Rahmani, after examining various hypotheses and expressing several theories that see the main source of inflation in the budget deficit and the increase in the government's obligations (of course, in Iran, the government in its broadest definition), writes: The government's actions in preventing a sharp decrease in its revenues through the adjustment of the mentioned prices stopped the upward trend of inflation. Elsewhere in this article, such statistics are mentioned about the international influences: Mr. Besant, the US Treasury Secretary, seems to have read Keegan's (1956), Sargent's (1981), Woodford's (1995), Sims' (2011), and Cochrane's (2021) paper carefully, or his aides have written their summaries for him based on these analyses, and summarized for him the their summaries by design. Iran's growing budget deficit (not only high) towards inflation. triple digits and eventually lead to hyperinflation. So far his efforts have been largely effective, but he has yet to achieve the success he desires.