TY - JOUR ID - 71337 TI - The Effect of Oil Export Shock and its interaction with Monopoly Power on Iran’s Macroeconomic Variables: DSGE Approach JO - Journal of Economic Research (Tahghighat- E- Eghtesadi) JA - JTE LA - en SN - 0039-8969 AU - Mohammadi, Teymur AU - shakeri, abbas AU - Emamikalaee, Masoume AU - Yadolahzadeh Tabari, Naserali AD - Allameh Tabatabaei University, Economics Faculty AD - Full Professor at Department of Economics, Allameh Tabataba’i University AD - Ph.D Student at Allameh Tabataba’i University, Tehran, Iran, AD - Assistant Professor at Department of Economics, Islamic Azad University, Babol, Iran Y1 - 2019 PY - 2019 VL - 54 IS - 2 SP - 395 EP - 418 KW - stagflation KW - monopoly structure KW - mark up shock KW - market power KW - dynamic stochastic general equilibrium DO - 10.22059/jte.2019.71337 N2 - Due to the nature of oil price fluctuations on the world market, which has been facing a number of positive and negative shocks, In this paper we examine how oil price and mark-up shocks which is an indicator of monopolistic structure of industries will effect macroeconomic variables. So, we simulate Iran’s economy by the methodology of DSGE during the period of 1959- 2015. Period the results illustrate that the effect of mark-up shock on GDP, export, investment, and consumption is negative and on inflation is positive. So we can conclude that a rise in mark-up will result in a negative impact on household’s welfare. Meanwhile, a negative oil price shock increase import and consumption but decrease investment and labor’s demand. We can conclude that due to the dependence of the Iran’s economy on oil revenues and a decrease in oil price, and also an increase in mark-up, GDP and investment have decreased. JEL Classifications: E27, E31, J21, L11, L12, L16   UR - https://jte.ut.ac.ir/article_71337.html L1 - https://jte.ut.ac.ir/article_71337_4feca967dd555942db039ffd8a1f549d.pdf ER -