The Impact of Monetary and Exchange Policies on the Country’ s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models

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.

Albaji Yousef; AZARBAIEJANI KARIM; Daii Karimzadeh Saeed

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

Journal Paper

Paper Information

Journal: Journal of Economic Research and Policies Year:2020 | Volume:27 | Issue:92 Page(s): 373-406

Download Full-Text

Persian Verion

View:

524

Download:

Cites:

Information Journal Paper

Title

The Impact of Monetary and Exchange Policies on the Country’ s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models

Author(s)

Albaji Yousef | AZARBAIEJANI KARIM | Daii Karimzadeh Saeed | Issue Writer Certificate

Keywords

Commercial BalanceQ1

Dynamic Equilibrium General Equilibrium Models (DSGE)Q1

MonetaryQ1

Currency PolicyQ1

Stable Equilibrium ModeQ1

Abstract

This paper uses the framework of new Keynesian school and the literature of the Dynamic Stochastic General Equilibrium (DSGE) model to build a general model that can be estimated for Iran economy. By simulating this model, the effects of the implementation of Monetary and foreign exchange policies through policy instruments including bank interest rate, central bank international reserves and the nominal exchange rate are evaluated on macroeconomic variables such as real trade balance, production gap, inflation rate, real exchange rate and foreign assets. Monetary and foreign exchange policies are arranged in the form of simple rule policy, and under three foreign exchange policies including managed, floating and pegged exchange rate regimes. The results show that Monetary and foreign exchange policies have an effect on the stability of variables related to foreign sectors (real trade balance, real exchange rate, foreign assets and … ). Also in comparison with other alternative regimes, central exchange regime (managed) scenario is in priority and leads to less fluctuations in the model's endogenous variables.

Cites

No record.

References

No record.

Cite

APA: Copy

Albaji, Yousef, AZARBAIEJANI, KARIM, & Daii Karimzadeh, Saeed. (2020). The Impact of Monetary and Exchange Policies on the Country’ s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models. JOURNAL OF ECONOMIC RESEARCH AND POLICIES, 27(92 ), 373-406. SID. https://sid.ir/paper/393939/en

Vancouver: Copy

Albaji Yousef, AZARBAIEJANI KARIM, Daii Karimzadeh Saeed. The Impact of Monetary and Exchange Policies on the Country’ s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models. JOURNAL OF ECONOMIC RESEARCH AND POLICIES[Internet]. 2020;27(92 ):373-406. Available from: https://sid.ir/paper/393939/en

IEEE: Copy

Yousef Albaji, KARIM AZARBAIEJANI, and Saeed Daii Karimzadeh, “The Impact of Monetary and Exchange Policies on the Country’ s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models,” JOURNAL OF ECONOMIC RESEARCH AND POLICIES, vol. 27, no. 92 , pp. 373–406, 2020, [Online]. Available: https://sid.ir/paper/393939/en

Related Journal Papers