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Evaluation of Fiscal Policy for Economy of Iran in a Dynamic Stochastic General Equilibrium Model based on Real Business Cycles

Meysam Rafei; Javid Bahrami; Davood Daneshjafari

Volume 14, Issue 54 , October 2014, , Pages 33-65

Abstract
  In this paper by using a dynamic stochastic general equilibrium model we study how macroeconomic variables are affected by different shocks using fiscal reaction functions for Iran’s economy. For this purpose we compare the results of a real business cycles model in a baseline scenario, in which ...  Read More