t he relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. in this research, by using a multivariate garch-in-mean var, we try to investigate direct effects of uncertainty of oil price on macroeconomics of iran by using annually data from 1965 to 2013.results show that uncertainty about oil prices had a negative and signific...

Abstract In this paper, the effect of foreign sector macro-variable on inflation dynamics and firms’ pricing behavior has been investigated in the context of a small open economy New Keynesian Phillips Curve. This curve is derived and estimated for a developing oil-exporting economy suffering from Dutch Disease. This version of NKPC is an extension of Leith and Malley’s (2007) small open econom...

in the market for factors of production usually the equilibrium will be stablished on the based of the equality between the value of marginal products of output and their relative price level. on the other hand the value of marginal product of output is a function of observed rate productivity of output and the market capacity of factors of production. thus the fluctuation in the rate of produc...

cooperation in iran has a long precedent but for the first time after the islamic revolution became a foundation in iranian constitutional law and was defined as a protect ional approach. as a point of view in codification of iranian constitutional act (1979) the cooperation recognized on its bases and values that has based in the world. so it is in compliance with islamic standards. it is a wa...

In this paper, we analyze the effects of oil revenue shocks on different sectors of the Iranian economy. We use quarterly data of the Iranian economy from 1988:2 to 2011:1 to analyze a time-varying parameter VAR model with the Bayesian method. The results show that in the late 1980s and early 1990s, the positive effects of oil revenue were mostly emerged in the industrial and oil sectors, havin...

This paper considers how sanctions affected the Iranian economy using a novel measure of intensity based on daily newspaper coverage. It finds to have significant effects exchange rates, inflation, and output growth, with rial over-reacting sanctions, followed up rise in inflation fall output. In absence Iran's average annual growth could been around 4 - 5 per cent, as compared 3 cent realized....