Oil Price Shocks and Economic Fluctuations in Iran as a Small Open Oil Exporting Economy

Maryam Faraji and Afshari Zahra
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Maryam Faraji: Alzahra University
Afshari Zahra: Alzahra University

Journal of Money and Economy, 2014, vol. 9, issue 2, 87-117

Abstract: Oil price shocks are the major source of economic instability in oil exporting developing countries, including Iran. In this paper a Multi Sector Dynamic Stochastic General Equilibrium model, with emphasis on optimization of oil sector as a producing sector is designed. Furthermore, an optimizing import sector is introduced into the model by

Keywords: Impulse Response Functions; New Keynesian; MDSGE; Bayesian approach (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mbr:jmonec:v:9:y:2014:i:2:p:87-117

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