Hossein Tavakolian

Associate Professor, Allameh Tabataba'i University

About Me

Hi, my name’s Hossein Tavakolian and I’m associate professor of Allameh Tabataba’i University.

My primary research pursuits encompass Dynamic Stochastic General Equilibrium (DSGE) Models, Monetary Economics, and Data Analysis. My current research efforts are centered around investigating the intricacies of uncertainty and stochastic states within DSGE models.

I am most skilled in: Dynare, MATLAB and Python

You can download my CV here

Research

Published Papers

1. Arbabafzali, M. , Nadri, K., & Tavakolian, H. (2023). Can the transition from Basel II to III change the monetary policy impact on the Iranian economy and banking system?. Economic Analysis and Policy, 77, 357-371. https://doi.org/10.1016/j.eap.2022.11.018

2. Ghiaie, H., Tabarraei, H. R., & Tavakolian, H. (2022). Alternative monetary policy regimes in an oil-exporting economy. The Quarterly Review of Economics and Finance, 83, 161-177. https://doi.org/10.1016/j.qref.2021.11.003

3. Tavakolian, H., & Taherpoor, J. (2022). Fiscal and Monetary Policy Interaction in Iran: A TVP-VARMA Model. Iranian Economic Review, 26(3), 637-665. https://doi.org/10.22059/ier.2022.89094

4. Sadidi, M., Tavakolian, H., & Asim, M. (2021). Analysis of the formation of the price bubble in the financial market: with an emphasis on the price bubble in the insurance industry and the stock market with the Markov-switching approach. International Journal of Nonlinear Analysis and Applications, 12, 1-14. https://doi.org/10.22075/ijnaa.2021.4758

5. Akbari, M., Loganathan, N., Tavakolian, H., Mardani, A., & Štreimikienė, D. (2021). The dynamic effect of micro-structural shocks on private investment behavior. Acta Montanistica Slovaca, 26(1), 1-17. https://doi.org/10.46544/AMS.v26i1.01

6. Ghasemi, A., Akbari Moghadam, B., & Tavakolian, H. (2020). A Study of the Financial Instability and Banking Intermediaries by Using a DSGE Modeling Approach. Iranian Economic Review, 24(4), 1025-1047. https://doi.org/10.22059/ier.2020.78834

7. Bastanzad, H., Davoudi, P., & Tavakolian, H. (2018). Foreign Exchange Rate Pricing at the Future Contract (Case of IR of Iran). Iranian Economic Review, 22(1), 253-293. https://doi.org/10.22059/ier.2018.65364

8. Abbasinejad, H., Tavakolian, H., & Husseini, S. K. (2018). The effects of monetary policy on output and inflation in Afghanistan: A dynamic stochastic general equilibrium approach. Iranian Economic Review, 22(2), 375-408. https://doi.org/10.22059/ier.2018.66159

9. Permeh, Z., Ghorbani, M., Tavakolian, H., & Shahnoshi, N. (2017). Effects of Oil Price Shocks on Agricultural Sector Using Dynamic Stochastic General Equilibrium Model. Journal of Agricultural Science and Technology, 19(6), 1211-1226. http://dorl.net/dor/20.1001.1.16807073.2017.19.6.14.9

10. Komijania, A., Khalili Araghi, S. M., Abasinejad, H., & Tavakolian, H. (2014). Time-Varying Monetary Policy Reaction Function: The Case of Iran. Iranian Economic Review, 18(2), 87-103. https://doi.org/10.22059/ier.2014.53320

11. Komijani, A., & Tavakolian, H. (2011). The composition of foreign reserves of the central banks of selected countries: Will the euro replace the dollar?. Eurasian Economic Review, 1, 143-156. https://link.springer.com/article/10.14208/BF03353828

12. Mehrara, M., Maki, M., & Tavakolian, H. (2010). The relationship between oil revenues and economic growth, using threshold methods (the case of Iran). OPEC Energy Review, 34(1), 1-14. https://doi.org/10.1111/j.1753-0237.2010.00172.x

Published Papers

In Persian

To access my published Persian papers, please refer to my Persian CV.

Books

1. Tavakolian, H., & Sarem, M. (2016). DSGE models in DYNARE (Modeling, Solution and Estimation for Iran). The Best Book Award in Monetary Economics and Banking, Central Bank of Iran, 2018. http://pub.mbri.ac.ir/Pages/BookDetail.aspx?Item_Id=503&Edition_Id=428

2. Mohsen M., Sarem, M., & Tavakolian, H. (2010). Mathematical Economics (A Dynamic Approach). http://pub.mbri.ac.ir/Pages/BookDetail.aspx?Item_Id=503&Edition_Id=428

Research Grants

1. “COVID-19 Outbreak Forecast in Iran”, Funder: Allameh Tabataba’i University, 2021.

2. “Fiscal Rules in Iran based on Budget Structural Reform”, Funder: Deputy of Economic Affairs, Ministry of Economic Affairs and Finance, 2021.

3. “Forecasting Macroeconomic Variables: A DSGE Approach”, Funder: Planning and Budget Organization, 2021.

4. “Forecasting Macroeconomic Variables: A DSGE Approach”, Funder: Middle East Bank, 2021.

5. “Simulation of Social Security Fund Flows and Probability of its Failure: An OLG Model”, Funder: Social Security Research Institute, Iranian Social Security Organization, 2020.

6. “Coordination and Interaction between Fiscal and Monetary Policies: Dynamic Stochastic General Equilibrium and Time-Varying Vector Auto Regressive Approaches”, Funder: Deputy of Economic Affairs, 2019.

Experience

Allameh Tabataba'i University

December 2014 - Present

. Associate Professor.

. Director of Commercial Economics, 2020-2022 .

Mofid Securities

June 2021- Present

. Director of Macroeconomic Analysis Department.

Tehran Securities Exchange

January 2023 - Present

. Economic Advisor.

Bank Mellat

June 2022 - Present

. Risk Advisor, Risk Management Department.

Central Bank of IRAN

2019 - 2021

. Liquidity Committee Member and Senior Economic Advisor.

Planning and Budget Organization

2019 - 2021

. Project Manager.

LUISS Guido Carli

February - September 2013

. Visiting Professor, Macro Lab.

Middle East Bank

2019 - 2021

. Economic Advisor and Project Manager.

Monetary and Banking Research Institute

2010 - 2016

. Senior Researcher.

HONORS

  • The Distinguished Iranian young economist (Jointly with Sayed Ali Madanizadeh), 2017-2018.
  • The best book award (DSGE Models in Dynare (Modeling, Solution and Estimation for Iran)) in monetary economics and banking, Central Bank of Iran, 2018.
  • Ranked as the 3rd best researcher at Allameh Tabataba’i University in 2018.
  • Ranked as the 2nd best researcher at Allameh Tabataba’i University in 2017.
  • Ranked as the 2nd best researcher at Allameh Tabataba’i University in 2016.
  • Attained the 9th position in the nationwide Olympiad of Economics in 2006.
  • Achieved the 8th rank out of nearly 10,000 participants in the nationwide Entrance Exam for Economics Master’s Degree in 2006.

Education

University of Tehran

Ph.D. Monetary Economics & Financial Economics

2008 - 2013

. Thesis title: Rule vs. Discretion in Central Bank Reaction Function: A Comparison of Markov Switching, Kalman Filter and DSGE Approaches.

University of Tehran

MA Economics

2006 - 2008

. Thesis title: Causality between Inflation, Output, Inflation Uncertainty and Output Uncertainty: A Bivariate GARCH Approach.

Shahid Beheshti University

BA Economics, Industrial Economics

2002 - 2006

Teaching

Fall Semester

2023-24

1. Advanced Macroeconomics, MA.

Class Files: Session1, Session2, Session3, Session4,

1. Monetary Economics, MA.

Class Files: Session01, Session02 , Session03, MIU.mod, Session04,

Spring Semester

2022-23

1. Advanced Macroeconomics II, MA.

Class Files: Session1, Session2

1. Macroeconomics III, BA.

Class Files: Session1