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Investigating the Effects of Monetary and Financial Shocks on the Key Macroeconomic Variables, Focusing on the Intermediary Role of Banks Using DSGE Models

Author

Listed:
  • Soltani, Sedigheh

    (Ph.D. in Economics, Islamic Azad University of Centeral Tehran Branch)

  • Falihi, Nemat

    (Faculty of Economics, Islamic Azad University of Centeral Tehran Branch)

  • Mehrabiyan, Azadeh

    (Faculty of Economics, Islamic Azad University of Centeral Tehran Branch)

  • Amiri, Hossein

    (Faculty of Economics, Kharazmi University)

Abstract

This study investigates monetary and financial shocks on macroeconomic variables, focusing on the role of banking intervention. For this purpose, a Keynesian dynamic stochastic general equilibrium (DSGE) model is designed for Iran’s economy that involves financial and banking sectors. The results of the model simulation show that the financial accelerator theory

Suggested Citation

  • Soltani, Sedigheh & Falihi, Nemat & Mehrabiyan, Azadeh & Amiri, Hossein, 2021. "Investigating the Effects of Monetary and Financial Shocks on the Key Macroeconomic Variables, Focusing on the Intermediary Role of Banks Using DSGE Models," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 16(4), pages 477-500, December.
    • Handle: RePEc:mbr:jmonec:v:16:y:2021:i:4:p:477-500
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    References listed on IDEAS

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    Cited by:

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    2. Pejman Peykani & Mostafa Sargolzaei & Amir Takaloo & Shahla Valizadeh, 2023. "The Effects of Monetary Policy on Macroeconomic Variables through Credit and Balance Sheet Channels: A Dynamic Stochastic General Equilibrium Approach," Sustainability, MDPI, vol. 15(5), pages 1-21, March.

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