European Parliament Library

Islamic Republic of Iran :, Selected Issues

This Selected Issues paper on Iran focuses on the Targeted Subsidy Reform Law (TSRL). This is the basic law governing the implementation of the subsidy reform in Iran. The TSRL envisaged bringing subsidized prices close to international levels over a five-year period. The paper reviews the implementation of the first phase of the subsidy reform, with a particular emphasis on macroeconomic management. The sharp depreciation of the exchange rate and high inflation significantly undermined progress under the reform. High inflation partially reversed the relative price change under the reform
Table Of Contents
Cover; CONTENTS; TARGETED SUBSIDY REFORM IN IRAN; A. Introduction; BOXES; 1. Targeted Subsidy Reform Law and Its Mechanics; B. Macroeconomic Developments and Policy Responses; C. The Postponement of the Reform; D. A Brief Look at the Initial Results; FIGURE; 1. Developments in Subsidized Products' Consumption; E. An Assessment of the Implementation; F. Lessons for the Next Steps; 2. Household Targeting Systems; APPENDIX; I. Macroeconomic Developments After the Reform; References; MONETARY POLICY AND THE INFLATION-OUTPUT TRADEOFF IN IRAN; FIGURES; 1. The Inflation-Output Stabilization Tradeoff
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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