The Foreign Exchange Intervention Impact on Macroeconomic Variables in Iran: DSGE 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.

Saadat Nezhad Abdolhamid; Tabatabaienasab Zohre; Abtahi Seyed Yahya; Dehghan Tafti Mohamad Ali

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

Journal Paper

Paper Information

Journal: ECONOMIC STRATEGY Year:2020 | Volume:8 | Issue:31 Page(s): 79-115

Download Full-Text

Persian Verion

View:

378

Download:

Cites:

Information Journal Paper

Title

The Foreign Exchange Intervention Impact on Macroeconomic Variables in Iran: DSGE Approach

Author(s)

Saadat Nezhad Abdolhamid | Tabatabaienasab Zohre | Abtahi Seyed Yahya | Dehghan Tafti Mohamad Ali | Issue Writer Certificate

Keywords

Foreign exchange interventionQ1

foreign exchange reservesQ2

DSGE modelQ1

Abstract

The purpose of this paper is to examine the effects of the Iranian central bank intervention policy on the macroeconomic variables. Foreign exchange intervention is every buying and selling foreign assets against domestic assets in the exchange market. This intervention is not limited to a single monetary regime and can be implemented in all monetary regimes. But the form of intervention depends on the state of the monetary and exchange regime of a country. To investigate the effects of the intervention policy on the macroeconomic variables, the dynamic stochastic general equilibrium (DSGE) model has been used, based on seasonal frequency data from 1989-2017. According to the results of the shocks from the exchange rate and foreign exchange reserves, the variables of economic growth, consumption, investment decreased in a short run but inflation rate variables, final production costs and nominal interest rates increased. In other words, the intervention of the central bank in the exchange market has higher costs of the macro economy.

Cites

No record.

References

No record.

Cite

APA: Copy

Saadat Nezhad, Abdolhamid, Tabatabaienasab, Zohre, Abtahi, Seyed Yahya, & Dehghan Tafti, Mohamad Ali. (2020). The Foreign Exchange Intervention Impact on Macroeconomic Variables in Iran: DSGE Approach. ECONOMIC STRATEGY, 8(31 ), 79-115. SID. https://sid.ir/paper/408666/en

Vancouver: Copy

Saadat Nezhad Abdolhamid, Tabatabaienasab Zohre, Abtahi Seyed Yahya, Dehghan Tafti Mohamad Ali. The Foreign Exchange Intervention Impact on Macroeconomic Variables in Iran: DSGE Approach. ECONOMIC STRATEGY[Internet]. 2020;8(31 ):79-115. Available from: https://sid.ir/paper/408666/en

IEEE: Copy

Abdolhamid Saadat Nezhad, Zohre Tabatabaienasab, Seyed Yahya Abtahi, and Mohamad Ali Dehghan Tafti, “The Foreign Exchange Intervention Impact on Macroeconomic Variables in Iran: DSGE Approach,” ECONOMIC STRATEGY, vol. 8, no. 31 , pp. 79–115, 2020, [Online]. Available: https://sid.ir/paper/408666/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops