in this paper, by using dynamic stochastic general equilibrium, optimal monetary rule derived for central bank of iran. monetary transmission mechanism of the model includes four equations, aggregate demand, aggregate supply, oil price and taylor rule. we have proved that dynamic structure of aggregate demand relation, regarding monetary inflation in iran, is a function of money growth rate. wi...

in a managed floating exchange rate regime, one of the most important issues is the degree to which the monetary authorities intervene in the foreign exchange market.  the appropriate level of intervention in the foreign exchange market can be discussed in a framework which emphasizes the trade-off between changes in the country’s level of international reserves and minimizes the country’s real...

the purpose of the paper is to survey and discuss inflation targeting in framework of monetary policy rules. this study design an optimal economy model for iran which compare different cases of domestic and cpi inflation targeting, strict and flexible inflation targeting.in relation to this, the optimal monetary policy rule was designed using three constraints neo-keynesian phillips curve, aggr...

Refinement systems currently select the best rule refinements from a set of conflicting and alternative refinements by using heuristics. This paper presents a new operations research approach for the selection of optimal rule refinements. The problem analysis and the description of the optimization are performed using two well-defined examples. The analysis of the refinement selection problem l...