Staggered Price and Monetary Policy in Ir (in Persian)

Reza Boostani ()
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Reza Boostani: Iran

Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), 2013, vol. 6, issue 15, 115-128

Abstract: In this paper, a small DSGE model augmented with staggered nominal prices is utilized in order to estimate the price rigidity in Iran’s economy. The estimation of parameter of price rigidity shows that price rigidity is lower than what commonly used in literature. This would limit the effectiveness of monetary policy as a tool to stimulate the economy in short-run. JEL Classification Codes: C11, E32, E12

JEL-codes: C11 E12 E32 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmbres:v:6:y:2013:i:15:p:115-128

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