This paper examines the impact of modern technology including credit cards, automatic teller machines (ATM) and electronic funds of transfer at the Point-Of-Sale (POS) on money demand for Iran Using seasonal data for Iran 2001-2008. For this purpose, money demand function has been estimated on...

This paper analyzes the optimality of macroeconomic policies in Iran during the third five year development plan (2000-2004). For this purpose, we develop and use a macro econometric model for Iran. We determine optimal monetary and fiscal policies as solutions of optimum control problems with a...