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We examine the macroeconomic and household welfare consequences of oil sanctions in Iran. We use social accounting … of oil from Iran to the rest of the world is banned. Our main results show that higher income households are losing more … sanction crisis. In addition, labor income increases while the capital income falls in response to oil sanctions in Iran. These …
Persistent link: https://www.econbiz.de/10011167267
There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...
Persistent link: https://www.econbiz.de/10010556283