Effect of Sentiments on Macroeconomic Variables in Iran: A Dynamic Stochastic General Equilibrium Approach

Seyed Mohsen Nabavi Larimi, Mohammad Ali Ehsani and Hossein Tavakolian
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Seyed Mohsen Nabavi Larimi: University of Mazandaran
Mohammad Ali Ehsani: University of Mazandaran
Hossein Tavakolian: Allameh Tabataba'i University

Journal of Money and Economy, 2018, vol. 13, issue 1, 1-30

Abstract: This study aims to evaluate the effect of sentiments on Iran's economy through a New Keynesian Dynamic Stochastic General Equilibrium model in a closed economy. In this study, the coefficients of the proposed model are calibrated and estimated using the quarterly data of Iran's economy from 2004 to 2015. It shows that

Keywords: Sentiments; Expectational Shift; Idiosyncratic Shocks; DSGE (search for similar items in EconPapers)
Date: 2018
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