Effects of General Price Controls in the Iranian Economy During the Imposed War مقاله

خلاصه ماشینی:

Given the undesirable consequences of inflation, during these periods, governments often resort to policies of price control and pricing, as well as rationing goods and services through the printing and distribution of coupons. Mohammad Hossein Hasani Sadreabadi, "Investigating the impact of general price level control on the economy of Iran during the imposed war of Iraq against Iran", PhD thesis in Economics, Tarbiat Modares University, 1995, p. In the suppressed inflation model presented by Barro-Grossman 6 (1974), it is explicitly stated that controlling the general price level, along with the rationing of goods and services, certainly affects the supply of production factors. where M is money demand, Y is net national product, P is the general price level, N is the volume of employment, G is government expenditure, W is the minimum wage level, T is an index to indicate the year in question, and Z is a dummy variable that shows the impact of policy making and price control. Also, using the simultaneous equations system, it was concluded that price control and pricing policies during the period of the imposed war had statistically positive and significant effects on real money demand and, consequently, on Gross Domestic Product.