Islamic Republic of Iran: Selected Issues

International Monetary Fund

No 2014/094, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform.

Keywords: ISCR; CR; price; government; monetary policy; Iran; NDFI supervisor; output variability frontier; NDFI resource; cash transfer; SWF assets; founding document; Inflation; Currencies; Energy prices; Monetary policy frameworks; Consumption; Global (search for similar items in EconPapers)
Pages: 49
Date: 2014-04-04
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Citations: View citations in EconPapers (1)

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