To What Extent Do Oil Price Shocks Explain the Business Cylces of the Economy of Iran in a Dynamic Stochastic General Equilibrim Model Under New-Keynesian Assumptions?, M.Sc. Thesis Sharif University of Technology ; Nili, Masoud (Supervisor)
Abstract
In this thesis, a dynamic stochastic general equilibrium model under new-Keynesian assumptions has been proposed for the economy of Iran, as a major oil-exporting economy. The economy is supposed to be inhabited by households, firms (both final-good and intermediate-good producing firms), a government and a monetary authority. It is exposed to stochastic and exogenous shocks to total factor productivity, oil export revenues and the growth rate of money. The most important features of the model, which distinguish it from most other proposed models for the economy of Iran, are the assumptions of the presence of monopolistic competition in intermediate-good producing firms and also a degree of...
Cataloging briefTo What Extent Do Oil Price Shocks Explain the Business Cylces of the Economy of Iran in a Dynamic Stochastic General Equilibrim Model Under New-Keynesian Assumptions?, M.Sc. Thesis Sharif University of Technology ; Nili, Masoud (Supervisor)
Abstract
In this thesis, a dynamic stochastic general equilibrium model under new-Keynesian assumptions has been proposed for the economy of Iran, as a major oil-exporting economy. The economy is supposed to be inhabited by households, firms (both final-good and intermediate-good producing firms), a government and a monetary authority. It is exposed to stochastic and exogenous shocks to total factor productivity, oil export revenues and the growth rate of money. The most important features of the model, which distinguish it from most other proposed models for the economy of Iran, are the assumptions of the presence of monopolistic competition in intermediate-good producing firms and also a degree of...
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