Studying the Role of Oil Funds in Controlling Macroeconomic Instability in Oil Exporting Countries

Abstract

il exporting country, the negative effects of international oil;
price variations extend to monetary policy, prices, exchange rate and other;
macroeconomic indicators. Drastic changes in international oil prices can;
affect monetary aggregates, directly through volatility in external inflows,;
and indirectly through changes in fiscal responses to the shock. The;
monetary impact can in turn lead to price and exchange rate variations as;
well as inflation.;
To reduce the macroeconomic instability arising from the volatility of;
oil income and induce the government to save part of oil revenues for future;
generations, oil funds have become increasingly popular in oil exporting;
countries.;
Oil funds could help mitigate the transfer of oil price shocks to;
monetary policy and eventually to prices and the exchange rate. When some;
5;
It is concluded that the labour law should be amended to make it more;
flexible and to promote labour relations. Given the fact that any amendment;
requires a change of attitude towards labour relations and the interests of;
workers and employers, partnership relation model (PRM) is recommended;
for labour relations in Iran.

Keywords