External Shocks, Exchange Rate Changes, and Intermediate Goods: Explanation of Stagflation in Iranian Economy

The Effects of Exchange Rate Unification on the Iranian Economy

The exchange rate unification is one of the most important instruments of economic adjustment, which is used in many countries. This paper shows the effects of the exchange rate unification on price level (inflation), gross domestic production (GDP), non-oil exports, private conception, government expenditure and stock of money. The data, is used related to the period 1959-2000. To analyze the ...

The Effect of Exchange Rate, Oil Prices and Global Inflation Shocks on Macroeconomic Variables for the Iranian Economy in the form of a DSGE Model

T he world economy has experienced a bulk of positive and negative shocks in crude oil prices and exchange rates over the years, and that global inflation has undergone some changes. Such shocks have affected the macroeconomic variables in the countries of the world and have challenged the economies of these countries, and have led them to take different measures to protect themselves agai...

Political Economy of Intermediate Goods Taxation

We generalize the Diamond–Mirrlees production efficiency theorem, that there should be no taxes on sectors producing pure intermediate goods, to an environment with political economy constraints. In our economy, allocations and taxation are decided by self-interested politicians without the power to commit to future policies. The Diamond–Mirrlees production efficiency result holds even when pol...

The Appropriate Exchange Rate System and the Regulation and Forecast of Exchange Rate for Iran's Economy

The Effect of External Shocks on Macroeconomic Variables for the Iranian Economy in the form of New Keynesian DSGE Model

One of the important issues that have been the focus of economists in developed and developing countries for the last several decades is the study of the effect of External Shocks on  macroeconomic variables of those countries.In this paper In order to investigate the effect of external shocks including world oil price, exchange rate and global inflation shocks on macroeconomic variables of Ira...