Fiscal versus Monetary Dominance: Evidence from Iran

Seyed Hamid Pourmohammad Gelsefidi, Ali Tayyebnia, Mohsen Mehrara and Roodabeh Amirian
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Seyed Hamid Pourmohammad Gelsefidi: Kish International Campus, University of Tehran
Ali Tayyebnia: University of Tehran
Mohsen Mehrara: University of Tehran
Roodabeh Amirian: Sharif University of Technology

Journal of Money and Economy, 2018, vol. 13, issue 3, 375-400

Abstract: In this paper, we dealt with fiscal dominance, which is a situation in which the fiscal authority sets its expenditure and taxes without regard to any requirement of intertemporal budget balance. Therefore, the monetary authority must adjust its policies to ensure that the government budget is in balance. The existence of

Keywords: Fiscal Dominance; Monetary Dominance; Macroeconomics; Financial Market (search for similar items in EconPapers)
Date: 2018
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