Oil sanctions and their transmission channels in the Iranian economy: A DSGE model

Seyyed Reza Nakhli, Monireh Rafat, Rasul Bakhshi Dastjerdi and Meysam Rafei

Resources Policy, 2021, vol. 70, issue C

Abstract: The political history of Iran in the last 67 years shows that Iran has always been the target of sanctions especially oil-related sanctions imposed by other countries and international organizations. Oil sanctions in the form of export, extraction technology, and foreign financing are the most important sanctions that have had significant effects on Iran's macroeconomic variables. Therefore, in this paper an attempt has been made to analyze the impacts of the abovementioned sanctions on the Iranian economy in the form of a Dynamic Stochastic General Equilibrium Model with the New Keynesian approach.

Keywords: Oil export sanctions; Extraction technology sanction; Foreign financing sanctions; Dynamic stochastic general equilibrium model; Iran (search for similar items in EconPapers)
JEL-codes: E37 F51 Q34 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:70:y:2021:i:c:s0301420720309910

DOI: 10.1016/j.resourpol.2020.101963

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