Strategic Studies of Jurisprudence and Law

Strategic Studies of Jurisprudence and Law

Investigating the Development of the DSGE Model in Iran in Order to Increase the Resilience of the Country's Financial System by Minimizing the Spillover Effects of Currency Shocks

Document Type : research

Authors
Seyed Eisa Norouzi 1
Mohsen Zayande Roodi 2
Ali Raeispour Rajab Ali 3
1 Ph.D. student of International Economics, Kerman Branch, Islamic Azad University, Kerman, Iran.
2 Associate Professor, Department of Economics, Kerman Branch, Islamic Azad University, Kerman, Iran
3 Assistant Professor of Economics Department, Kerman Branch, Islamic Azad University, Kerman, Iran.
10.22034/ejs.2024.470818.1900
Abstract
Background and Aim: The purpose of this research is to model the resistance of the country's financial system with the flow of foreign trade (with DSGE general equilibrium approach).
Materials and Methods: This article is descriptive and analytical. Materials and data are also qualitative and data collection was used to collect materials and data.
Ethical Considerations: In this article, the originality of the texts, honesty and trustworthiness are observed.
Findings: The findings showed that the structure of dynamic stochastic general equilibrium (DSGE) models, like other general equilibrium models, is built with the aim of describing the behavior of the entire economy and applying the analysis of the interactions of micro-decisions at different levels. The decisions that are considered in most stochastic dynamic general equilibrium models are related to macro quantities studied in economics. In recent years, non-oil exports have gained a high position and priority in the country. Wider trade with the world is not only effective in the economic prosperity of the country and the improvement of people's well-being.
Conclusion: The result is that for the development of foreign trade, in addition to the basic investment to improve the export capacity, fundamental goals and foundation to solve the problems and shortcomings of each field are very important.
Keywords
resistance
financial system
country
flow
foreign trade
DSGE general equilibrium
Subjects
Strategic Studies of Jurisprudence and Law
Volume 6, Issue 5 - Serial Number 5
Studies of economic jurisprudence
Summer 2024
Pages 589-608