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The Effects of Oil Prices on Macroeconomic Variables of Iran

Mohammad Reza Moghaddam; Mohammad Reza Sezavar

Volume 12, Issue 47 , January 2013, , Pages 197-216

Abstract
  This paper studies the effects of oil prices on macroeconomic variables such as economic growth, inflation and unemployment rate by using structural vector autoregressive method. The results show that oil price shocks are the main source of fluctuations of inflation rate, while economic growth is affected ...  Read More