Hojat Parsa

The purpose of this article is to understand more precisely the effects of monetary shocks on the performance of the Iranian macroeconomics despite the presence of cryptocurrency. And how to examine the impact of the price of Bitcoin on important macroeconomic indicators in a framework of a stochastic dynamic general equilibrium model and to evaluate the model. The economic consequences of Bitcoin expanded on the Iranian economy. The economy is considered closed. The research results show that the government and monetary authorities should pay attention to the mechanism of the financial accelerator channel in the evaluation of policy consequences. Because in case of a shock to the means of existence of cryptocurrency, this channel can strengthen and expand the effects of the initial shock on the economy and strengthen or determine the effect of economic and monetary and financial policies. The results show that due to the dominant role of banks in playing the role of financial intermediation in the existence of crypto-currency instruments, the weakening of the banks' balance sheets will leave recessionary effects. and capitalize from bank facilities to market capitalization