GOVERNMENT SPENDING AND THE TRANSMISSION CHANNELS OF THEIR EFFECTS ON MACROECONOMIC VARIABLES: A DSGE APPROACH

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TAGHIPOUR ANOSHIRAVAN; ESFAHANIAN HOMA

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

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Journal: Financial Economics Year:2016 | Volume:10 | Issue:35 Page(s): 75-101

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Title

GOVERNMENT SPENDING AND THE TRANSMISSION CHANNELS OF THEIR EFFECTS ON MACROECONOMIC VARIABLES: A DSGE APPROACH

Author(s)

TAGHIPOUR ANOSHIRAVAN | ESFAHANIAN HOMA | Issue Writer Certificate

Keywords

OILQ2

GOVERNMENT EXPENDITUREQ1

BUSINESS CYCLEQ2

DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM (DSGE) MODELQ2

Abstract

In the literature, it is emphasized on the role of government spending in BUSINESS CYCLE of economic activities, especially in the developing countries where public investment alongside with other government tools uses for economic growth stimulation. However, the effect of government spending depends on how the spending is financed.OIL in the Iranian economy plays a significant role, so that more than 45% of the budget is directly financed by OIL revenue. Therefore, OIL plays a major role in macroeconomic variables fluctuations.The aim of this paper is that while explaining the BUSINESS CYCLE behavior of the OIL income, its relation with some relevant macroeconomic variables including GOVERNMENT EXPENDITUREs, investment, growth, inflation and money is examined as well. To end this, we use a new Keynesian dynamic stochastic general equilibrium (DSGE) model to explain the transmission channels of OIL revenues effect on macroeconomic variables through the government budget, public capital stock and monetary base channels.

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APA: Copy

TAGHIPOUR, ANOSHIRAVAN, & ESFAHANIAN, HOMA. (2016). GOVERNMENT SPENDING AND THE TRANSMISSION CHANNELS OF THEIR EFFECTS ON MACROECONOMIC VARIABLES: A DSGE APPROACH. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 10(35), 75-101. SID. https://sid.ir/paper/228995/en

Vancouver: Copy

TAGHIPOUR ANOSHIRAVAN, ESFAHANIAN HOMA. GOVERNMENT SPENDING AND THE TRANSMISSION CHANNELS OF THEIR EFFECTS ON MACROECONOMIC VARIABLES: A DSGE APPROACH. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2016;10(35):75-101. Available from: https://sid.ir/paper/228995/en

IEEE: Copy

ANOSHIRAVAN TAGHIPOUR, and HOMA ESFAHANIAN, “GOVERNMENT SPENDING AND THE TRANSMISSION CHANNELS OF THEIR EFFECTS ON MACROECONOMIC VARIABLES: A DSGE APPROACH,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 10, no. 35, pp. 75–101, 2016, [Online]. Available: https://sid.ir/paper/228995/en

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