Monetary and Exchange Rate Policy in an Oil Exporting Economy: The Case of Iran

Ahmadreza Jalali Naeini and Mohammad Amin Naderian

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2016, vol. 9, issue 29, 327-372

Abstract: For those resource (oil) exporting countries that are exposed to the terms of trade shocks and follow pro-cyclical fiscal policies, standard flexible inflation targeting with floating exchange rate may not be a suitable monetary policy framework. One of the approaches that has been discussed in the literature to improve stabilization policy

Date: 2016
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