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Paper Information

Journal:   TAHGHIGHAT-E-EGHTESADI   May-July 2006 , Volume - , Number 73; Page(s) 233 To 267.
 
Paper: 

NEW MONETARY POLICY INSTRUMENTS IN IRAN: THIRD DEVELOPMENT PLAN

 
 
Author(s):  KHATAIE M., SEYFIPOUR R.
 
* 
 
Abstract: 

This paper presents the main deficiencies of monetary policy in Iran. Financial repression is used by monetary authorities. Therefore official interest rate could not be the main channel to affect the real sector. Also the monetary condition Index and the other well know monetary rules are not used to evaluate monetary conditions. Moreover monetary policy instruments are traditional ones and recent development of monetary instruments are disregarded. Fiscal policy leads monetary policy because of oil revenues. In case of decrease in oil revenues, budget deficit is monetized. By the help of a found the monetary policy in Iran does not take into account the economic condition in particular, inflation and GDP gaps.

 

 

 
Keyword(s): MONETARY POLICY GOALS, MONETARY CONDITION INDEX, MONETARY POLICY INSTRUMENNTS,TAYLOR RULE, ECONOMETRIC MODEL
 
References: 
  • ندارد
 
  Persian Abstract Yearly Visit 81
 
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