Pourmohammad Gelsefidi, Seyed Hamid
Kish International Campus, University of Tehran
[ 1 ] - Fiscal versus Monetary Dominance: Evidence from Iran
In this paper, we dealt with fiscal dominance, which is a situation in which the fiscal authority sets its expenditure and taxes without regard to any requirement of intertemporal budget balance. Therefore, the monetary authority must adjust its policies to ensure that the government budget is in balance. The existence of oil revenues for the government on the one hand and its lack of access to...
[ 2 ] - The Fiscal Dominance through Banking System: A Case Study on the Relationship between Government and Banking System in Iran’s Economy
ran's economy still has a two-digit inflation rate with high fluctuations, which is mainly caused by fiscal dominance. According to the relevant literature, the most important fiscal dominance mechanism is borrowing from the central bank. After prohibiting direct borrowing from the Central Bank by Iran's government, the budget deficits are partially addressed by off-budgeting operations, achiev...
Co-Authors