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:: Volume 29, Issue 97 (Quarterly journal of economic research and policies 2021) ::
qjerp 2021, 29(97): 199-225 Back to browse issues page
The effect of fiscal policy on social welfare due to government spending shocks, monetary and productivity
Maryam Emamimibodi * , MAJID SAMATI , HOSSIEN Sharifi renani
Islamic Azad University, shahinshar Branch , m.emamimibodi@yahoo.com
Abstract:   (2105 Views)
The most important issue for policymakers in optimal policy-making is to choose the tools that bring the equilibrium output to the desired level, with the least volatile income fluctuation. The main purpose of this paper is to investigate the effects of favorable fiscal policies on social welfare and business cycle management for the Iranian economy with respect to government spending shocks, monetary shocks and productivity shocks. Therefore, using the Vector Autoregressive Model (SVAR) and Hudrick-Prescott, we investigate the role of government, monetary and financial spending shocks on production and consumption representing business cycles and social welfare in the time period of 1971-2018. The results indicate that the highest growth in as an indicator consumption and welfare is due to the growth of productivity shocks, and then monetary shocks to some extent, but government spending shocks have a diminishing impact on consumption and welfare, which represents the phenomenon of crowding.
Keywords: Financial Policies, Business Cycles, Social Welfare, Vector Autoregressive Model.
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Type of Study: Research | Subject: General
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emamimibodi M, SAMATI M, sharifi renani H. The effect of fiscal policy on social welfare due to government spending shocks, monetary and productivity. qjerp 2021; 29 (97) :199-225
URL: http://qjerp.ir/article-1-2900-en.html


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Volume 29, Issue 97 (Quarterly journal of economic research and policies 2021) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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