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Gharanjik, Masoumeh, Zamanian, Gholamreza, Pahlavani, Mosayeb, Esfandiari, Marziyeh. (1404). The Effect of External Shocks on Employment in Different Exchange Rate Regimes Assuming Price and Wage rigidity: A DSGE Approach. نشریه علمی دانشگاه سیستان و بلوچستان, 17(2), 153-179. doi: 10.22111/ijbds.2025.50440.2177
Masoumeh Gharanjik; Gholamreza Zamanian; Mosayeb Pahlavani; Marziyeh Esfandiari. "The Effect of External Shocks on Employment in Different Exchange Rate Regimes Assuming Price and Wage rigidity: A DSGE Approach". نشریه علمی دانشگاه سیستان و بلوچستان, 17, 2, 1404, 153-179. doi: 10.22111/ijbds.2025.50440.2177
Gharanjik, Masoumeh, Zamanian, Gholamreza, Pahlavani, Mosayeb, Esfandiari, Marziyeh. (1404). 'The Effect of External Shocks on Employment in Different Exchange Rate Regimes Assuming Price and Wage rigidity: A DSGE Approach', نشریه علمی دانشگاه سیستان و بلوچستان, 17(2), pp. 153-179. doi: 10.22111/ijbds.2025.50440.2177
Gharanjik, Masoumeh, Zamanian, Gholamreza, Pahlavani, Mosayeb, Esfandiari, Marziyeh. The Effect of External Shocks on Employment in Different Exchange Rate Regimes Assuming Price and Wage rigidity: A DSGE Approach. نشریه علمی دانشگاه سیستان و بلوچستان, 1404; 17(2): 153-179. doi: 10.22111/ijbds.2025.50440.2177

The Effect of External Shocks on Employment in Different Exchange Rate Regimes Assuming Price and Wage rigidity: A DSGE Approach

International Journal of Business and Development Studies
مقاله 8، دوره 17، شماره 2، دی 2025، صفحه 153-179    اصل مقاله (992.6 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22111/ijbds.2025.50440.2177
نویسندگان
Masoumeh Gharanjik1؛ Gholamreza Zamanian* 2؛ Mosayeb Pahlavani2؛ Marziyeh Esfandiari2
1PhD student in Economics, Faculty of Management and Economics, University of Sistan and Baluchestan, Zahedan, Iran.
2Department of Economics, Faculty of Economics and Management, University of Sistan and Baluchestan, Zahedan, Iran
چکیده
According to the macroeconomic literature, the type of exchange rate regimes has an impact on the impact of different policies on macroeconomic variables. Accordingly, in this study, the effect of external shocks including oil shock, external inflation shock and exchange rate shock on employment in three types of floating, fixed and managed floating exchange rate regimes was investigated and analyzed using dynamic stochastic general equilibrium (DSGE) model. The model included households, firms, government, monetary policymakers, and the external sector. The results of the impulse response functions (IRF) show that the effect of the oil shock on employment shows that the effect of this shock on employment in all three exchange rate systems was positive and caused to increase the employment. The positive effect of the foreign inflation shock on employment in the fixed exchange rate system was greater than that of the floating and managed floating exchange rate systems. Also, the effect of the exchange rate shock on employment in the fixed exchange rate system was positive and increased employment, but in the managed floating exchange rate system and the floating exchange rate system, this effect was negative and decreased the employment.
کلیدواژه‌ها
foreign shock؛ employment؛ DSGE model؛ exchange rate regime
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