Iranian Economy Resilient to Monetary Shocks, Inflation and Consumption Affected.
The article analyzes how well the Iranian economy can handle shocks to its money and currency using a standard economic model. Data from 1966 to 2016 was used. The results show that when the central bank increases the money supply, inflation depends on how quickly prices adjust. Also, when prices are slow to change, production in the economy goes up. But, people tend to spend less when faced with monetary shocks.