Islamic Republic of Iran [electronic resource] : Selected Issues.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 08/285Publication details: Washington, D.C. : International Monetary Fund, 2008Description: 1 online resource (47 p.)ISBN: 1451819064 :ISSN: 1934-7685Subject(s): Null Hypothesis | P-Value | Serial Correlation | Unit Root | Iran, Islamic Republic ofAdditional physical formats: Print Version:: Islamic Republic of Iran : Selected IssuesOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues Paper on Iran reviews that monetary factors are the main determinants of inflation in the country. Government spending out of oil revenues leads to large liquidity injections that the central bank accommodates owing to its efforts to prevent a significant nominal appreciation of the rial and the lack of effective sterilization instruments. The growing discontent with inflation, however, has compelled policymakers to focus on this issue, bringing it to the forefront of the policy agenda.
This Selected Issues Paper on Iran reviews that monetary factors are the main determinants of inflation in the country. Government spending out of oil revenues leads to large liquidity injections that the central bank accommodates owing to its efforts to prevent a significant nominal appreciation of the rial and the lack of effective sterilization instruments. The growing discontent with inflation, however, has compelled policymakers to focus on this issue, bringing it to the forefront of the policy agenda.
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