1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance in the Iranian … revenues when managed appropriately are a blessing, but their volatility (which in Iran is much higher than oil price … volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of …

This paper examines the major causes of Iran’s unemployment conundrum using a simultaneous-equation model and annual … increasing economic uncertainty and negatively to the higher growth rates of real investment and inflation, supporting the view … that there exists a degree of trade-off between inflation and unemployment. However, since persistent and soaring inflation …