EVALUATING OPTIMUM MONETARY RULE IN A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL USING CONTROL APPROACH

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

ANVARI EBRAHIM; ZARRA NEZHAD MANSOUR; FAKHRAEE ENAYATOLLA

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Quantitative Economics Year:2011 | Volume:8 | Issue:3 (30) Page(s): 129-158

Download Full-Text

Persian Verion

View:

1,189

Download:

Cites:

Information Journal Paper

Title

EVALUATING OPTIMUM MONETARY RULE IN A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL USING CONTROL APPROACH

Author(s)

ANVARI EBRAHIM | ZARRA NEZHAD MANSOUR | FAKHRAEE ENAYATOLLA | Issue Writer Certificate

Keywords

ZERO INTEREST RATE POLICYQ2

INFLATIONQ2

CONTROL THEORYQ2

DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODELQ2

MONETARY POLICYQ2

Abstract

Interest rate channel is one of the important transmission paths that affect the real sector of the economy. Review of optimal MONETARY POLICY literature shows the existence of relationship between INFLATION, output gap and interest rate. In addition to disagreements of causality of interest rate and INFLATION, there are different views on how interest rate affects economic variables.The main objective of this study is to simulate simultaneous control of INFLATION and output gap in a minimum interest rate, consist with Islamic economics, using CONTROL THEORY and DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL. Dynare software was used to do the simulation, and Matlab was applied to write the control algorithm code as well as to estimate the controller equation. The result of the study showed that prerequisite for controlling interest rate toward its minimum level is to reduce INFLATION rate to reach the level of 3 percent during 6 years period.

Cites

No record.

References

Cite

APA: Copy

ANVARI, EBRAHIM, ZARRA NEZHAD, MANSOUR, & FAKHRAEE, ENAYATOLLA. (2011). EVALUATING OPTIMUM MONETARY RULE IN A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL USING CONTROL APPROACH. JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), 8(3 (30)), 129-158. SID. https://sid.ir/paper/110656/en

Vancouver: Copy

ANVARI EBRAHIM, ZARRA NEZHAD MANSOUR, FAKHRAEE ENAYATOLLA. EVALUATING OPTIMUM MONETARY RULE IN A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL USING CONTROL APPROACH. JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW)[Internet]. 2011;8(3 (30)):129-158. Available from: https://sid.ir/paper/110656/en

IEEE: Copy

EBRAHIM ANVARI, MANSOUR ZARRA NEZHAD, and ENAYATOLLA FAKHRAEE, “EVALUATING OPTIMUM MONETARY RULE IN A DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM MODEL USING CONTROL APPROACH,” JOURNAL OF QUANTITATIVE ECONOMICS (QUARTERLY JOURNAL OF ECONOMICS REVIEW), vol. 8, no. 3 (30), pp. 129–158, 2011, [Online]. Available: https://sid.ir/paper/110656/en

Related Journal Papers