How Long to Read Determinants of Inflation in Iran and Policies to Curb It

By H. Elif Ture

How Long Does it Take to Read Determinants of Inflation in Iran and Policies to Curb It?

It takes the average reader and 35 minutes to read Determinants of Inflation in Iran and Policies to Curb It by H. Elif Ture

Assuming a reading speed of 250 words per minute. Learn more

Description

High and volatile inflation has been an endemic economic and social issue in Iran that has contributed to rising poverty and social tensions. For policymakers to effectively address the inflation problem, it is critical to understand its causes. This paper seeks to contribute to this endeavor by applying a vector error-correction model to study the short- and long-term determinants of inflation in Iran over the past two decades and identify policy options to curb it. Using quarterly data spanning 2004-2021, it finds that money growth drives inflation only in the long term, while currency depreciation, fiscal deficits, and sanctions (proxied by oil exports) drive inflation both in the short- and the long term. In the absence of a removal of US trade and financial sanctions that could significantly boost the rial, budget deficits will have to be adjusted to contain inflation, albeit gradually to avoid hindering the recovery. Over the medium term, strengthening the inflation targeting framework could help improve monetary transmission and contain inflation durably.

How long is Determinants of Inflation in Iran and Policies to Curb It?

Determinants of Inflation in Iran and Policies to Curb It by H. Elif Ture is 35 pages long, and a total of 8,925 words.

This makes it 12% the length of the average book. It also has 11% more words than the average book.

How Long Does it Take to Read Determinants of Inflation in Iran and Policies to Curb It Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Determinants of Inflation in Iran and Policies to Curb It aloud.

What Reading Level is Determinants of Inflation in Iran and Policies to Curb It?

Determinants of Inflation in Iran and Policies to Curb It is suitable for students ages 8 and up.

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