The Effects of Oil Prices on Macroeconomic Variables of Iran
This paper studies the effects of oil prices on macroeconomic variables such as economic growth, inflation and unemployment rate by using structural vector autoregressive method. The results show that oil price shocks are the main source of fluctuations of inflation rate, while economic growth is af...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2012-12-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Subjects: | |
| Online Access: | https://joer.atu.ac.ir/article_936_430f846a7cca970902b609b12b0c1ac0.pdf |
| _version_ | 1797375677767352320 |
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| author | Mohammad Reza Moghaddam Mohammad Reza Sezavar |
| author_facet | Mohammad Reza Moghaddam Mohammad Reza Sezavar |
| author_sort | Mohammad Reza Moghaddam |
| collection | DOAJ |
| description | This paper studies the effects of oil prices on macroeconomic variables such as economic growth, inflation and unemployment rate by using structural vector autoregressive method. The results show that oil price shocks are the main source of fluctuations of inflation rate, while economic growth is affected by supply shock and unemployment rate is affected by shocks in labor market. Also, it is necessary to improve the credibility of monetary and fiscal policies for economic agents to achieve better results. |
| first_indexed | 2024-03-08T19:27:53Z |
| format | Article |
| id | doaj.art-c5cb971c53374f5bad2bf0762bc9858d |
| institution | Directory Open Access Journal |
| issn | 1735-210X 2476-6453 |
| language | fas |
| last_indexed | 2024-03-08T19:27:53Z |
| publishDate | 2012-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| spelling | doaj.art-c5cb971c53374f5bad2bf0762bc9858d2023-12-26T07:58:03ZfasAllameh Tabataba'i University PressFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī1735-210X2476-64532012-12-011247197216936The Effects of Oil Prices on Macroeconomic Variables of IranMohammad Reza Moghaddam0Mohammad Reza Sezavar1PhD, Economics, Research Institute of Petroleum Industry (RIPI) and Vice Minister of Petroleum Ministry of Iran in Research and TechnologyMS in economicsThis paper studies the effects of oil prices on macroeconomic variables such as economic growth, inflation and unemployment rate by using structural vector autoregressive method. The results show that oil price shocks are the main source of fluctuations of inflation rate, while economic growth is affected by supply shock and unemployment rate is affected by shocks in labor market. Also, it is necessary to improve the credibility of monetary and fiscal policies for economic agents to achieve better results.https://joer.atu.ac.ir/article_936_430f846a7cca970902b609b12b0c1ac0.pdfiranian economystructural vector autoregressiveoil price shocks |
| spellingShingle | Mohammad Reza Moghaddam Mohammad Reza Sezavar The Effects of Oil Prices on Macroeconomic Variables of Iran Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī iranian economy structural vector autoregressive oil price shocks |
| title | The Effects of Oil Prices on Macroeconomic Variables of Iran |
| title_full | The Effects of Oil Prices on Macroeconomic Variables of Iran |
| title_fullStr | The Effects of Oil Prices on Macroeconomic Variables of Iran |
| title_full_unstemmed | The Effects of Oil Prices on Macroeconomic Variables of Iran |
| title_short | The Effects of Oil Prices on Macroeconomic Variables of Iran |
| title_sort | effects of oil prices on macroeconomic variables of iran |
| topic | iranian economy structural vector autoregressive oil price shocks |
| url | https://joer.atu.ac.ir/article_936_430f846a7cca970902b609b12b0c1ac0.pdf |
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