International Iranian Economic Association
Monthly Webinar Series
We are pleased to host a monthly webinar series, a combination of Keynote talks and panel sessions, on the second Wednesday of each month at the following times: 08.00 LA time | 11.00 Washington DC time | 16.00 London time | 19.30 Tehran time.
To attend our webinar series, please register here.
Keynote talk on Sanctions and the Iranian Economy:
Measurement and Evidence
11th of August 2021
Abstract: This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions, followed up with a rise in inflation and a fall in output. In absence of sanctions, Iran’s average annual growth could have been around 45 per cent, as compared to the 3 per cent realized. Sanctions are also found to have adverse effects on employment, labor force participation, secondary and high-school education, with such effects amplified for females
Chair: Massoud Karshenas (President of IIEA & SOAS, University of London)
Speaker: M. Hashem Pesaran (USC & Trinity College, Cambridge)
Moderator: by Kamiar Mohaddes (Executive Secretary of IIEA & University of Cambridge)
Paper: you can download the paper here.