The effect of monetary policy on production and inflation in the context of gender discrimination in the Iranian labor market

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Zobeidi Heidar; EMAMI KARIM; GHAFFARI FARHAD

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Journal Paper

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Journal: Journal of Economic Modelling Year:2020 | Volume:14 | Issue:3 (51) Page(s): 39-72

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Title

The effect of monetary policy on production and inflation in the context of gender discrimination in the Iranian labor market

Author(s)

Zobeidi Heidar | EMAMI KARIM | GHAFFARI FARHAD | Issue Writer Certificate

Keywords

Monetary policyQ2

ProductionQ3

InflationQ2

Gender discriminationQ1

Iranian labor marketQ2

Abstract

The main purpose of this paper is to explain the effect of Monetary policy shock on output and Inflation variables in the context of Gender discrimination in the Iranian labor market using the new Keynesian stochastic dynamic equilibrium model during the period 2008-2009. The results of solving the model showed that the existence of Gender discrimination in the Iranian labor market as a destructive phenomenon leads to economic inefficiencies such as reduced wages for men and women, consumption, Production and welfare. The results also showed that in the context of gender discrimination, the transmission of the expansionary Monetary policy shock to the variables of Production and Inflation is weaker than the conditions of non-discrimination. Based on the results, awareness of the hidden economic and social angles of this phenomenon and sensitization to planning for maximum elimination through the enactment of laws and the creation of special women's unions and responsible control and monitoring of institutions involved in the real situation of women workers in the Iranian labor market is suggested.

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APA: Copy

Zobeidi, Heidar, EMAMI, KARIM, & GHAFFARI, FARHAD. (2020). The effect of monetary policy on production and inflation in the context of gender discrimination in the Iranian labor market. ECONOMIC MODELLING, 14(3 (51) ), 39-72. SID. https://sid.ir/paper/403724/en

Vancouver: Copy

Zobeidi Heidar, EMAMI KARIM, GHAFFARI FARHAD. The effect of monetary policy on production and inflation in the context of gender discrimination in the Iranian labor market. ECONOMIC MODELLING[Internet]. 2020;14(3 (51) ):39-72. Available from: https://sid.ir/paper/403724/en

IEEE: Copy

Heidar Zobeidi, KARIM EMAMI, and FARHAD GHAFFARI, “The effect of monetary policy on production and inflation in the context of gender discrimination in the Iranian labor market,” ECONOMIC MODELLING, vol. 14, no. 3 (51) , pp. 39–72, 2020, [Online]. Available: https://sid.ir/paper/403724/en

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