IDEAS home Printed from https://ideas.repec.org/a/ris/qjatoe/0146.html
   My bibliography  Save this article

Resilience of macroeconomic variables of the Iranian economy against monetary policy shock based on the DSGE mode

Author

Listed:
  • Goldoost, Mohammad Jalal

    (Ph.D. Candidate of Economics, Islamic Azad University, Arak Branch)

  • Najafizadeh, Seyed Abbas

    (Assistant Professor of Economics, Islamic Azad University, Arak Branch)

  • fakhrhosseini, Seyed Fakhreddin

    (Assistant Professor of Accounting, Islamic Azad University, Tonekabon Branch)

  • Sarlak, Ahamad

    (Assistant Professor of Economics, Islamic Azad University, Arak Branch)

Abstract

In this paper, the economic resilience that shows the degree and ability of the economy in dealing with monetary and currency shocks is analyzed using a standard Keynesian dynamic equilibrium standard model of Keynesian. The data used in this article are fixed prices in 2011 and annually for the period of 1966-2016, taken from the Central Bank of the Islamic Republic of Iran. The results indicate that the reaction of inflation to expansionary monetary policy shocks depends on the amount of adhesion parameter, and production in the economy will increase with increasing price sticking parameter. Given the relative risk aversion ratio, consumption will decrease in response to monetary shocks.

Suggested Citation

  • Goldoost, Mohammad Jalal & Najafizadeh, Seyed Abbas & fakhrhosseini, Seyed Fakhreddin & Sarlak, Ahamad, 2019. "Resilience of macroeconomic variables of the Iranian economy against monetary policy shock based on the DSGE mode," Quarterly Journal of Applied Theories of Economics, Faculty of Economics, Management and Business, University of Tabriz, vol. 6(2), pages 1-28, August.
    • Handle: RePEc:ris:qjatoe:0146
    as

    Download full text from publisher

    File URL: https://ecoj.tabrizu.ac.ir/article_9127_141e25ae4201d7966e2acbd5c476237e.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    DSGE Models; Resilience; nominal rigidities;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:qjatoe:0146. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sakineh Sojoodi (email available below). General contact details of provider: https://edirc.repec.org/data/fetabir.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.