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Optimal Cyclical Behavior of Monetary Policy of Iran: Using a DSGE Model

Neda Kasaipour; Alireza Erfani

Volume 7, Issue 1 , March 2018, , Pages 61-79

https://doi.org/10.22099/ijes.2018.28984.1443

Abstract
  The countercyclical monetary policy is a policy that economists recommend to adopt in order to slow down the economic fluctuations. The aim of this study is to address the question that, in the presence of fiscal dominance and considering institutional quality (IQL), what the optimal monetary policy ...  Read More