|
|
|
|
Search published articles |
|
|
Showing 3 results for Dsge
Dr Javid Bahrami, Parvaneh Aslani, Volume 1, Issue 4 (9-2011)
Abstract
This study tries to examine the way housing residential investment in Iran's urban area is influenced by the shocks of oil revenues, and for that, time series data spanning the period 1991:1-2007:4 are deployed in a Dynamic Stochastic General Equilibrium (DSGE) model including households, firms producing new residential houses, and the production of other economic firms as well as oil sector. The model is based on some simplify assumptions suitable to Iran's economy characteristics as: Iran as a small economy regarding capital flows, Oil Exports and goods imports and no price stickiness in housing sector. Moreover, the allocation of resources in the economy is determined by a central planning. The Model's solution and simulation is processed through using DYNARE as a subset of MATLAB software package.
The results showed that the incidence of extreme volatility in the short behavior of housing residential investment in Iran's urban area, due to shocks of oil revenues, shocks was not Persistent and quickly disappeared. This implies that Iran's economy is suffering from Dutch Disease.
Hossein Tavakolian, Akbar Komijani, Volume 2, Issue 8 (9-2012)
Abstract
It is more likely that the monetary policy in Iran is discretionary and not based on a rule or a target. Besides, what is clear is that there have been explicit targets for inflation and economic growth in all five-year development plans (except the fifth plan). However, the question is that do policy makers observe the targets of development plans? Using an adjusted New Keynesian DSGE model for Iran, in this study we investigate the monetary policy under fiscal dominance and implicit inflation targeting of Iran. The results show that in most plans monetary authorities do not observe the explicit targets of five-year plans. The estimated monetary reaction function is only able to explain the period 2001-2011. The other result is that implementation delays of public projects have considerable effects on output and private consumption.
Ali Hussein Samadi, Sakine Owjimehr, Volume 5, Issue 19 (6-2015)
Abstract
Hybrid sticky price model is one of the main models, used to analyze the Persistencyand inertia in inflation. In recent years, Mankiw and Reis (2002),s sticky information model, has also been considered by many economic analysts. So, in present paper, we try to investigate and compare these models by using a Dynamic Stochastic General Equilibrium (DSGE) framework, based on new Keynesian structure. For this purpose, the data 1370:1-1391:4 Iran's economy has been used. The results of the estimated coefficient of inflation inertia indicate, inflation inertia in the model of hybrid price stickiness is more than information stickiness model. Inflation Persistency analysis is based on comparing the autocorrelation function of the original data and simulated data, show that hybrid price stickiness is better thaninformation stickiness model shows inflation persistence.It seems to be a hybrid price stickiness model more consistent with the economy of Iran and economic policy makers can be more confident of the results of this model to use them.
|
|
|
|
|
|