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In absence of sanctions, Iran's average annual growth could have been around 4\u20135%, as compared to the 3% realized. Estimates of the proposed sanctions\u2010augmented structural VAR show that sanctions significantly decrease oil export revenues and result in substantial depreciation of Iranian rial, followed by subsequent increases in inflation and falls in output growth. Keeping other shocks fixed, 2\u00a0years of sanctions can explain up to 60% of output growth forecast error variance, although a single quarter sanction shock proves to have quantitatively small effects.<\/jats:p>","DOI":"10.1002\/jae.2947","type":"journal-article","created":{"date-parts":[[2022,11,9]],"date-time":"2022-11-09T18:38:25Z","timestamp":1668019105000},"page":"271-294","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":75,"title":["Identifying the effects of sanctions on the Iranian economy using newspaper coverage"],"prefix":"10.1002","volume":"38","author":[{"given":"Dario","family":"Laudati","sequence":"first","affiliation":[{"name":"University of Southern California  Los Angeles California USA"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"M. 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