Farzanegan, Mohammad Reza; Markwardt, Gunther - Fakultät Wirtschaftswissenschaften, Technische … - 2008
The Iranian economy is highly vulnerable to oil price fluctuations. This paper analyzes the dynamic relationship between oil price shocks and major macroeconomic variables in Iran by applying a VAR approach. The study points out the asymmetric effects of oil price shocks; for instance, positive...
