Effect of Permanent and Transitory Volatility of Oil Prices on Investment, Output and Unemployment in the Economy of Iran

Ali Hossein Samadi; Ibrahim Hadian; Mahboubeh Jafari

Volume 2, Issue 7 , July 2013, , Pages 75-101

Abstract
    This study investigates the impact of oil price volatility on macroeconomic variables such as investment, unemployment and production based on quarterly data during the period 1386:4-1369:1. To achieve this, permanent and transitory volatility of OPEC oil price estimated by component GARCH model ...  Read More