Oil price cycles, fiscal dominance and countercyclical monetary policy in Iran
نویسندگان
چکیده
منابع مشابه
Fiscal versus Monetary Dominance: Evidence from Iran
In this paper, we dealt with fiscal dominance, which is a situation in which the fiscal authority sets its expenditure and taxes without regard to any requirement of intertemporal budget balance. Therefore, the monetary authority must adjust its policies to ensure that the government budget is in balance. The existence of oil revenues for the government on the one hand and its lack of access to...
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ژورنال
عنوان ژورنال: OPEC Energy Review
سال: 2018
ISSN: 1753-0229
DOI: 10.1111/opec.12125