Business, Management and Accounting
5 years ago

Iran's Central Bank Prioritizes Production Over Inflation, Impacting Economy.

Asian Journal of Research in Banking and Finance
The Consideration of Iran's Monetary Policy on the Basis of Taylor Rule (1997–2011)
Kiumars Arya, Shamsulah Shirinbakhsh, Sassan Torabi

Paper Summary

The article looked at how Iran's central bank sets interest rates based on inflation and production gaps from 1996 to 2010. They found that when inflation is high, the bank lowers interest rates to boost production and reduce unemployment. This means the bank focuses more on creating jobs than controlling inflation.

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