:: year 6, Issue 15 (spring 2013) ::
JMBR 2013, 6(15): 115-128 Back to browse issues page
Staggered Price and Monetary Policy in Ir
Reza Boostani
Abstract:   (2497 Views)

In this paper, a small DSGE model augmented with staggered nominal prices is utilized in order to estimate the price rigidity in Iran’s economy. The estimation of parameter of price rigidity shows that price rigidity is lower than what commonly used in literature. This would limit the effectiveness of monetary policy as a tool to stimulate the economy in short-run.

JEL Classification Codes: C11, E32, E12

Full-Text [PDF 497 kb]   (1197 Downloads)    
Type of Study: Empirical Study |
Received: 2014/08/9 | Accepted: 2014/08/9 | Published: 2014/08/9

XML   Persian Abstract   Print

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
year 6, Issue 15 (spring 2013) Back to browse issues page