Optimal and Discretionary Monetary and Exchange Policies in Iran: A DSGE Approach
Macroeconomic equilibrium depends on both current and future behaviour of the monetary authority. Policymaker can manage economic agents' expectation by determining a specific rule in monetary policy and commit to it. There is a vast literature on central banks incentive in instrument and targe...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2017-04-01
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| Series: | فصلنامه پژوهشهای اقتصادی ایران |
| Online Access: | https://ijer.atu.ac.ir/article_7966_27f8c750c9f4aec7bb518f1db525f37e.pdf |