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An Analysis of the Determinants of Stagflation in Iran and Policy Recommendations (in Persian)

Author

Listed:
  • bastanifar, iman

    (uni of isfahan)

  • ,

    (Iran)

Abstract

In this paper, theoretical principals of stagflation based on schools of economics has introduced and periods of stagflation has been tested during the years 1980 to 2013 by Haan and Sumner (2004) method. Based on, Berthold and Gründler(2012), factors that cause stagflation in the economy in the form of count data, ML Poisson count, censored and Ordinary Least Square have been estimated. The results indicate that, first, Iranian economy during the years 1980 to 1993 and 2006 to 2013 suffers by stagflation. Second, Stagflation of Iran is not only a monetary phenomenon, but also, it depends on the low productivity of labor. Third, the main cause of stagflation in the economy is not liquidity, but it is discretion monetary policy.

Suggested Citation

  • bastanifar, iman & ,, 2014. "An Analysis of the Determinants of Stagflation in Iran and Policy Recommendations (in Persian)," Journal of Monetary and Banking Research (فصلنامه پژوهش‌های پولی-بانکی), Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 7(21), pages 361-380, October.
    • Handle: RePEc:mbr:jmbres:v:7:y:2014:i:21:p:361-380
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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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