The Macroeconomic Stability In the Economic Resistance Approach

Achieving a sustainable economic stability and strengthening the economy against the menace of negative and positive shocks is considered to be one of main priorities of policy makers of Iran in toto. It is obvious that macroeconomic vulnerability will lead to uncertainty of economic agents regarding the future developments of the country and will have a negative impact on investment trends and economic growth per se. On the contrary, the macroeconomic stability can mitigate the economic uncertainty and promote the long term growth, Ipso facto. The economic sanctions of west which imposed on Iranian economy had devastating impacts on both real and nominal sectors of the economy. Thus adoption of appropriate strategies to deal with that and restoring the economy to its long-term equilibrium path is bearing a dire importance for policy makers de jure. In this context, one of the essential policies which designated by the authorities of Iran, was the implementation of economic resilience approach within a composed system against the jeopardy of stochastic external and internal shocks Sui generis. The results of this study prima facie indicate that the enactment of economic resilience policy and acquiring its optimal consequences requires long-term meticulous planning coordination of all economic sectors and enhancing the economic ex-efficiency. However, the Iranian economy is replete with various structural and infrastructural bottlenecks, which can be rectified viz-a-viz institutional underpinning, homogeneous norms of economic agents, well articulated value system, sense of sacrifice to the community, glorification of work culture and sincere contribution of people to the productive common pool, pro rata.