policy is not consistent with achieving low inflation or a stable unified exchange rate. The real shocks generate higher … growth and lower inflation, suggesting that supply-side policies are consistent with the goals in the Islamic Republic of … Iran’s second five-year development plan …

This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for … real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … model estimates are used to address the questions raised by the decline in inflation that occurred up to the first half of …

This study examines money demand and inflation dynamics in the Islamic Republic of Iran using quarterly data for the … long-run money market equilibrium condition is identified and the short-run behavior of the inflation, measured in terms of …/01-2001/02 buoyed the demand for domestic money and contributed to the decline in inflation. Tests of model stability do not point to a …

This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran …, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and … inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for …

finance for public investment. Assessing the growth impact of public investment in Iran under various investment scaling …

effects, limited by the prevalence of oil exports priced in dollars, are more than offset by adverse supply effects. Iran … whether the conventional wisdom still applies to Iran and concludes that the emergence of the non-oil export sector has made …

This paper reviews recent developments in the exchange system in the Islamic Republic of Iran and in the real effective … of inflation, balance of payments, and productivity growth …