Staggered Price and Monetary Policy in Iran

In this paper, small DSGE model augmented with staggered nominal prices is utilized in order to estimate the price rigidity in Iran’s economy. The estimation ofparameter of price rigidity shows that price rigidity is lower than what is commonly used in literature. This would limit the effectiveness of monetary policy as tool tostimulate the economy in short-run.

کلیدواژه ها:

DSGE ، Price Rigidity ، Business Cycles ، CIA