Fertility policy and population mobility have been important factors affecting demographics macroeconomics. Using an empirical approach, this paper investigates the effects of fertility on It is found that has significant growth, age structure economic development, while significantly affects employment, industrial structure, urban development growth. Moreover, are mainly manifested in short te...

The study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. GDP growth of ten percen...

We compute the potential economic benefits that would accrue to a typical pre-WWII era US worker from the post-WWII macroeconomic policy regime. We assume that workers face undiversifiable income risk but can self-insure by saving in nominal assets. The worker’s average utility is computed for two eras: pre-WWII (1875-1941) and post-WWII. In the pre-WWII era, the worker endured business cycles ...

We propose an approach to optimally select corporate bond portfolios based on bond-specific characteristics (maturity, credit rating, coupon, illiquidity, past performance, and issue size) and macroeconomic conditions (recessions and macroeconomic uncertainty measures). The approach relies on a parametric specification of the portfolio weights and allows us to consider a large cross-section of ...

This study investigates monetary and financial shocks on macroeconomic variables, focusing on the role of banking intervention. For this purpose, a Keynesian dynamic stochastic general equilibrium (DSGE) model is designed for Iran’s economy that involves financial and banking sectors. The results of the model simulation show that the financial accelerator theory works in the Iranian economy. Al...

This paper examines the impact of macroeconomic policies on Iranian economy. The study covers time between 1978-2017. results illustrate role money supply and government spending in supporting growth, although contributing to inflationary pressures long run, attesting supply-side constraints. In short-run, have aimed provide support economy face continued fluctuations with oil price spillovers ...

We compare macroeconomic models of sticky-prices (Calvo and Costsof-adjustment) with flexible price models in terms of optimal seigniorage. This sheds light on the importance of relative price distortions. Sticky-price models with no price dispersion terms have unattractive implications, we argue, when it comes to the derivation of optimal policies. We provide examples where they may imply very...