Main Article Content
Women's participation is essential to achieving political and economic development. Because the position of women in society is deeply affected by the conditions and levels of development in countries, the more developed countries are, the narrower the gap between the development of women and men. Therefore, improving the situation of women is one of the main requirements in improving development indicators in any society. In other words, development will not be possible for any country, regardless of the situation of women. Women, as half of the population, are one of the most important factors influencing development, and their employment can affect the price of commodities. One of the most important commodities that can play a key role in the economy is gold. Global gold prices, liquidity, inflation expectations, exchange rates, employment and stock index fluctuations are among the factors that affect the price of gold in Iran. For this purpose, the present study tries to pay attention to the relationship between monetary policy shocks and women's employment on the price of gold in the period of 2008 to 2017 seasonally using the Bayesian Var method. The results of the studies show that the highest and lowest value of the impact on the price of gold with 48.46 and 0.33 percent, respectively, is related to the exchange rate and liquidity. After the exchange rate, the price of gold in the long run was able to predict 46.88% of the change in the price of gold. Women's employment also explains 4.31 percent of gold price changes.
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