TY - JOUR ID - 60867 TI - Oil Price Uncertainty in the Iranian Economy JO - Iranian Economic Review JA - IER LA - en SN - 1026-6542 AU - Asadi Mehmandosti, Elaheh AU - Bazzazan, Fatemeh AU - Mousavi, Mirhossein AD - Department of Economics, Alzahra University, Tehran, Iran (Corresponding Author: elaheh_asadi@alzahra.ac.ir). AD - Department of Economics, Alzahra University, Tehran, Iran (fbazazan@alzahra.ac.ir). AD - Department of Economics, Alzahra University, Tehran, Iran (hmousavi@alzahra.ac.ir). Y1 - 2017 PY - 2017 VL - 21 IS - 1 SP - 137 EP - 152 KW - Keywords: Real Options KW - uncertainty KW - Oil Price KW - Multivariate GARCH-in-Mean VAR. JEL Classification: C32 KW - E10 KW - G31 DO - 10.22059/ier.2017.60867 N2 - T he relationship between the price of oil and the level of economic activity is a fundamental empirical issue in macroeconomics. In this research, by using a multivariate GARCH-in-Mean VAR, we try to investigate direct effects of uncertainty of oil price on macroeconomics of Iran by using annually data from 1965 to 2013.Results show that uncertainty about oil prices had a negative and significant effect on real output in our sample. UR - https://ier.ut.ac.ir/article_60867.html L1 - https://ier.ut.ac.ir/article_60867_260a1dc8b31bfd9088a7542f3f7b39be.pdf ER -