Determinants of Inflation in GCC:
Inflationary pressures have heightened in the oil-rich Gulf Cooperation Council (GCC) since 2003. This paper studies determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading partners appears to be the most relevant foreign fac...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2009
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Schriftenreihe: | IMF Working Papers
Working Paper No. 09/82 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Inflationary pressures have heightened in the oil-rich Gulf Cooperation Council (GCC) since 2003. This paper studies determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading partners appears to be the most relevant foreign factor. In addition, oil revenues have reinforced inflationary pressures through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation given increased government spending. Nonetheless, by targeting supply-side bottlenecks, the increase in government spending is easing capacity constraints and will ultimately help to moderate price inflation |
Beschreibung: | 1 Online-Ressource (34 p) |
ISBN: | 1451872291 9781451872293 |
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spelling | Kandil, Magda E. Verfasser aut Determinants of Inflation in GCC Kandil, Magda E Washington, D.C International Monetary Fund 2009 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 09/82 Inflationary pressures have heightened in the oil-rich Gulf Cooperation Council (GCC) since 2003. This paper studies determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading partners appears to be the most relevant foreign factor. In addition, oil revenues have reinforced inflationary pressures through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation given increased government spending. Nonetheless, by targeting supply-side bottlenecks, the increase in government spending is easing capacity constraints and will ultimately help to moderate price inflation Online-Ausg Morsy, Hanan Sonstige oth http://elibrary.imf.org/view/IMF001/10076-9781451872293/10076-9781451872293/10076-9781451872293.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Kandil, Magda E. Determinants of Inflation in GCC |
title | Determinants of Inflation in GCC |
title_auth | Determinants of Inflation in GCC |
title_exact_search | Determinants of Inflation in GCC |
title_exact_search_txtP | Determinants of Inflation in GCC |
title_full | Determinants of Inflation in GCC Kandil, Magda E |
title_fullStr | Determinants of Inflation in GCC Kandil, Magda E |
title_full_unstemmed | Determinants of Inflation in GCC Kandil, Magda E |
title_short | Determinants of Inflation in GCC |
title_sort | determinants of inflation in gcc |
url | http://elibrary.imf.org/view/IMF001/10076-9781451872293/10076-9781451872293/10076-9781451872293.xml |
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