Inflation Differentials in the GCC: Does the Oil Cycle Matter?
This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly throug...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/294 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly through the credit and fiscal channels. This implies that closer coordination of fiscal policies will be key for facilitating the closer integration of the GCC economies and ahead of the move to a monetary union. The results also indicate that after controlling for cyclical factors, convergence increased even during the recent oil boom |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1463927282 9781463927288 |
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spelling | Williams, Oral Verfasser aut Inflation Differentials in the GCC Does the Oil Cycle Matter? Williams, Oral Washington, D.C International Monetary Fund 2011 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/294 This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly through the credit and fiscal channels. This implies that closer coordination of fiscal policies will be key for facilitating the closer integration of the GCC economies and ahead of the move to a monetary union. The results also indicate that after controlling for cyclical factors, convergence increased even during the recent oil boom Online-Ausg Mohaddes, Kamiar Sonstige oth http://elibrary.imf.org/view/IMF001/12367-9781463927288/12367-9781463927288/12367-9781463927288.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Williams, Oral Inflation Differentials in the GCC Does the Oil Cycle Matter? |
title | Inflation Differentials in the GCC Does the Oil Cycle Matter? |
title_auth | Inflation Differentials in the GCC Does the Oil Cycle Matter? |
title_exact_search | Inflation Differentials in the GCC Does the Oil Cycle Matter? |
title_exact_search_txtP | Inflation Differentials in the GCC Does the Oil Cycle Matter? |
title_full | Inflation Differentials in the GCC Does the Oil Cycle Matter? Williams, Oral |
title_fullStr | Inflation Differentials in the GCC Does the Oil Cycle Matter? Williams, Oral |
title_full_unstemmed | Inflation Differentials in the GCC Does the Oil Cycle Matter? Williams, Oral |
title_short | Inflation Differentials in the GCC |
title_sort | inflation differentials in the gcc does the oil cycle matter |
title_sub | Does the Oil Cycle Matter? |
url | http://elibrary.imf.org/view/IMF001/12367-9781463927288/12367-9781463927288/12367-9781463927288.xml |
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