Economics, Econometrics and Finance
3 years ago

Financial Accelerator in Iranian Economy Amplifies Business Cycles: Study

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The Journal of Planning and Budgeting
Investigating the Business Cycles of the Iranian Economy by Considering the Effect of Financial Accelerator in the Form of a DSGE Model
Abolfazl Garmabi, Ahmadreza Jalali-Naiini, Hossein Tavakolian

Paper Summary

The article investigates the business cycles of the Iranian economy by looking at how the financial accelerator affects it. The researchers used a DSGE model to study this. They found that the financial accelerator has a significant impact on the business cycles in Iran.

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