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The Role of Sticky Information on Inflation Dynamics: Evidence from Iran

Maryam Hemmaty; Mehdi Pedram; Hossein Tavakolian

Volume 16, Issue 60 , April 2016, , Pages 107-151

https://doi.org/10.22054/joer.2016.4203

Abstract
  Empirical studies done in the area of price stickiness imply that the frequency of price change is high in Iran. In other words, prices change quickly after a monetary shock hits the economy. On the other hand, based on empirical studies, monetary shocks have a lagged effect on inflation in Iran. This ...  Read More