Analysis of the convergence of optimal monetary policies in Iran's economy and welfare

This study analyzes the convergence of optimal monetary policies in Iran and their impact on societal welfare using a Dynamic Stochastic General Equilibrium (DSGE) model. It evaluates strategic monetary interventions for economic stability and growth, employing an analytical-descriptive and applied research method. The model was calibrated with annual data from ۱۳۹۰ to ۱۴۰۱ (Iranian calendar years) from the Statistical Center of Iran and the Central Bank. Results show that optimal monetary policies significantly enhance economic stability and welfare by controlling inflation, stabilizing exchange rates, and promoting growth. The study emphasizes the need for coordinated monetary and fiscal policies and greater central bank independence. It suggests exploring unconventional monetary policies during economic crises, providing valuable insights for policymakers and future research.

کلیدواژه ها:

Optimal monetary policies ، Dynamic Stochastic General Equilibrium (DSGE) Model ، economic stability ، Fiscal policy ، inflation control ، Economic Growth ، unconventional monetary policies