Evaluation of Monetary and Fiscal Policy Based on New Keynesian Dynamic General Equilibrium Model in Iran’s Economy
Publish Year: 1399
نوع سند: مقاله ژورنالی
زبان: English
View: 204
This Paper With 16 Page And PDF Format Ready To Download
- Certificate
- من نویسنده این مقاله هستم
استخراج به نرم افزارهای پژوهشی:
شناسه ملی سند علمی:
JR_AMFA-5-3_010
تاریخ نمایه سازی: 20 تیر 1400
Abstract:
This paper examines monetary and fiscal policy through the estimation of a New-Keynesian dynamic general equilibrium model for Iran’s economy. In this New-Keynesian dynamic general equilibrium model, the consumers encounter the liquidity constraint and the firms face sticky prices, while they are changing them. In the model presented, a role is considered for both government spending and taxation, besides the monetary rule. Then, the model is estimated using Iran's data over the period of ۲۰۰۲-۲۰۱۷, through the method of generalized moments which leads into valuable insight. The results indicate that aggregate demand reacts to changes in interest rates. When inflation occurs, regardless of its source, it is persistent and inertia.The monetary policy has a forward-looking behavior. The output gap with a lag has a negative effect on government spending and the short-term impact of the output gap on government spending is smaller than its impact on taxation (Tax responses to the output gap are stronger and positive).
Keywords:
Authors
Maryam Sharifnezhad
Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
Sadegh Bakhtiari Koohsorkhi
Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
Sara Ghobadi
Department of Economics, Isfahan (Khorasgan) Branch, Islamic Azad University, Isfahan, Iran
مراجع و منابع این Paper:
لیست زیر مراجع و منابع استفاده شده در این Paper را نمایش می دهد. این مراجع به صورت کاملا ماشینی و بر اساس هوش مصنوعی استخراج شده اند و لذا ممکن است دارای اشکالاتی باشند که به مرور زمان دقت استخراج این محتوا افزایش می یابد. مراجعی که مقالات مربوط به آنها در سیویلیکا نمایه شده و پیدا شده اند، به خود Paper لینک شده اند :