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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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Colección: | IMF working paper ;
WP/09/82. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Notas: | "April 2009." At head of title: Middle East and Central Asia Department. |
| Descripción Física: | 1 online resource (32 pages) : color illustrations |
| Bibliografía: | Includes bibliographical references (pages 17-18). |
| ISBN: | 1462392105 9781462392100 9786612843020 6612843020 1451998368 9781451998368 1282843028 9781282843028 |