The Impact of Monetary, Fiscal and Oil Shocks on Gender Inequality within the Framework of a New Keynesian Model in Iran

Human resources are considered as one of the pillars and key elements of the growth and development of each country. In this regard, women, as half of the population of the society, play a decisive role in advancing the goals of growth and development. So, first of all, it is necessary to consider this part of the society in planning and policy. Second, different policies can have different effects on the quantity and quality of their performance. One aspect of this discussion is how macroeconomic policies affect women's participation in the labor market and gender gaps in employment. Therefore, in this paper, the effects of monetary, fiscal and oil shocks on macroeconomic variables such as production, employment of women and men, total employment and gender inequality in the labor market are discussed, in the framework of a DSGE model. The results indicate that all shocks (monetary, fiscal and oil shocks) increase production, employment of women and men, and total employment. These shocks increase men's employment more than women's, and as a result, gender inequality in the labor market increases.