نمایش مختصر رکورد

dc.contributor.authorNakhli, Seyed Rezaen_US
dc.contributor.authorRafat, Monirehen_US
dc.contributor.authorBakhshi Dastjerdi, Rasulen_US
dc.contributor.authorRafei, Meysamen_US
dc.date.accessioned1399-09-11T16:27:04Zfa_IR
dc.date.accessioned2020-12-01T16:27:04Z
dc.date.available1399-09-11T16:27:04Zfa_IR
dc.date.available2020-12-01T16:27:04Z
dc.date.issued2020-03-01en_US
dc.date.issued1398-12-11fa_IR
dc.date.submitted2020-01-21en_US
dc.date.submitted1398-11-01fa_IR
dc.identifier.citationNakhli, Seyed Reza, Rafat, Monireh, Bakhshi Dastjerdi, Rasul, Rafei, Meysam. (2020). A DSGE Analysis of the Effects of Economic Sanctions: Evidence from the Central Bank of Iran. Iranian Journal of Economic Studies, 9(1), 35-70. doi: 10.22099/ijes.2020.36182.1643en_US
dc.identifier.issn2322-1402
dc.identifier.urihttps://dx.doi.org/10.22099/ijes.2020.36182.1643
dc.identifier.urihttp://ijes.shirazu.ac.ir/article_5685.html
dc.identifier.urihttps://iranjournals.nlai.ir/handle/123456789/679063
dc.description.abstractSince the nationalization of the oil industry, especially after the 1979 revolution, Iran has always encountered economic sanctions. The oil embargo and international financial sanctions are the most severe sanctions imposed on Iran and have had significant effects on Iran's macroeconomic variables. The current study aimed to analyze the effects of economic sanctions on Iran's macroeconomic variables using a dynamic stochastic general equilibrium (DSGE) model based on the new Keynesian approach. The simulation results showed that the intensification of the oil and international financial sanctions would 1) reduce foreign and government investment, technology innovation, export in the oil sector, and consequently oil production, 2) lead to a higher exchange rate and a decrease in the ratio of the central bank foreign exchange reserves to the monetary base, 3) reduce the GDP and non-oil exports and increase the inflation, which may cause stagflation, 4) increase household consumption and decrease household investment, 5) increase budget deficit, forcing the government to adopt policies to raise current expenditures and maintain housing and urban development budget, which, in turn, will lead to a budget deficit and bond sales. The analysis of various optimal monetary policies in the context of economic sanctions and considering the contingent business interruption (CBI) loss function showed that the optimal simple rule, in the form of the producer price index, targeting monetary policy, could reduce the loss function and increase the importance value of output coefficient in themonetary policy.en_US
dc.format.extent844
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoen_US
dc.publisherShiraz Universityen_US
dc.publisherدانشگاه شیرازfa_IR
dc.relation.ispartofIranian Journal of Economic Studiesen_US
dc.relation.ispartof(Iranian Journal of Economic Studies (IJESfa_IR
dc.relation.isversionofhttps://dx.doi.org/10.22099/ijes.2020.36182.1643
dc.subjectEconomic Sanctionsen_US
dc.subjectOptimal Simple Ruleen_US
dc.subjectCPI-PPI inflation targetingen_US
dc.subjectDSGE Modelen_US
dc.subjectCalibrationen_US
dc.subjectIranen_US
dc.titleA DSGE Analysis of the Effects of Economic Sanctions: Evidence from the Central Bank of Iranen_US
dc.typeTexten_US
dc.typeResearch Paperen_US
dc.contributor.departmentDepartment of Economics, University of Isfahan, Isfahan.Iranen_US
dc.contributor.departmentDepartment of Economics, University of Isfahan, Isfahan.Iranen_US
dc.contributor.departmentDepartment of Economics, University of Isfahan, Isfahan.Iranen_US
dc.contributor.departmentDepartment of Economics, Kharazmi University, Tehran, Iranen_US
dc.citation.volume9
dc.citation.issue1
dc.citation.spage35
dc.citation.epage70


فایل‌های این مورد

Thumbnail

این مورد در مجموعه‌های زیر وجود دارد:

نمایش مختصر رکورد