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Analysis of the convergence of optimal monetary policies in Iran's economy and welfare | ||
| International Journal of Nonlinear Analysis and Applications | ||
| مقالات آماده انتشار، اصلاح شده برای چاپ، انتشار آنلاین از تاریخ 26 اسفند 1403 اصل مقاله (575.47 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22075/ijnaa.2024.35519.5283 | ||
| نویسندگان | ||
| Mostafa Eskandari1؛ Abbas Memarnejad* 1؛ Seyed Shamsoldin Hoseini2 | ||
| 1Department of Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran | ||
| 2Department of Economics, Allameh Tabatabaei University, Tehran, Iran | ||
| تاریخ دریافت: 14 شهریور 1403، تاریخ بازنگری: 21 آبان 1403، تاریخ پذیرش: 24 آبان 1403 | ||
| چکیده | ||
| This study analyzes the convergence of optimal monetary policies in Iran and their impact on societal welfare using a Dynamic Stochastic General Equilibrium (DSGE) model. It evaluates strategic monetary interventions for economic stability and growth, employing an analytical-descriptive and applied research method. The model was calibrated with annual data from 1390 to 1401 (Iranian calendar years) from the Statistical Center of Iran and the Central Bank. Results show that optimal monetary policies significantly enhance economic stability and welfare by controlling inflation, stabilizing exchange rates, and promoting growth. The study emphasizes the need for coordinated monetary and fiscal policies and greater central bank independence. It suggests exploring unconventional monetary policies during economic crises, providing valuable insights for policymakers and future research. | ||
| کلیدواژهها | ||
| Optimal monetary policies؛ Dynamic Stochastic General Equilibrium (DSGE) model؛ Iran's economy؛ economic stability؛ fiscal policy؛ central bank independence؛ calibration؛ inflation control؛ economic growth؛ unconventional monetary policies | ||
| مراجع | ||
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