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...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | |
|---|---|
| container_issue | |
| container_start_page | |
| container_title | |
| container_volume | |
| creator | Kandil, Magda E Morsy, Hanan |
| description | 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. |
| format | Book |
| fullrecord | <record><control><sourceid>proquest_imf_p</sourceid><recordid>TN_cdi_proquest_ebookcentral_EBC1605903</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>EBC1605903</sourcerecordid><originalsourceid>FETCH-LOGICAL-a41623-207abd6d43e83d468fb9bb000ce0bbce821179234b53b8eca66eb19857afac573</originalsourceid><addsrcrecordid>eNpFj0FLwzAYhiOiOGb_Qw-Cp0K-fMmX5Kh1boPBLsNrSdoEgm0623rw3yts4OnhhYcXnhtWWG1AKrDWIJnb_w1EUt2zleIISkujH1gxz8lzJCDgIFasfAtLmIaUXV7mcozlPsfeLWnMZcrltq4f2V10_RyKK9fs431zqnfV4bjd1y-HykkggZXg2vmOOonBYCfJRG-955y3gXvfBiMAtBUovUJvQuuIggdrlHbRtUrjmj1fjs_T-PUd5qUJfhw_25CXyfXN5rUG4spy_DOfLmYaYnOe0uCmn0YLTtduo4WwiL-bvEq4</addsrcrecordid><sourcetype>Publisher</sourcetype><iscdi>true</iscdi><recordtype>book</recordtype><pqid>EBC1605903</pqid></control><display><type>book</type><title>Determinants of Inflation in GCC</title><source>IMF E-Library</source><creator>Kandil, Magda E ; Morsy, Hanan</creator><creatorcontrib>Kandil, Magda E ; Morsy, Hanan</creatorcontrib><description>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.</description><edition>1</edition><identifier>ISBN: 9781451916645</identifier><identifier>ISBN: 9781451872293</identifier><identifier>ISBN: 9781451998368</identifier><identifier>ISBN: 1451998368</identifier><identifier>ISBN: 1451872291</identifier><identifier>ISBN: 1451916647</identifier><identifier>EISBN: 9781451998368</identifier><identifier>EISBN: 1451998368</identifier><identifier>OCLC: 503157487</identifier><language>eng</language><publisher>Washington: International Monetary Fund</publisher><subject>Currency Pegs ; Domestic Liquidity ; Domestic Policies ; Economic Models ; Exchange Rate Depreciation ; Exchange Rate Pass-through ; External Shocks ; Gulf Cooperation Council ; Inflation (Finance)</subject><creationdate>2009</creationdate><tpages>32</tpages><format>32</format><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>306,307,780,784,786,787,2601,2615,62139</link.rule.ids></links><search><creatorcontrib>Kandil, Magda E</creatorcontrib><creatorcontrib>Morsy, Hanan</creatorcontrib><title>Determinants of Inflation in GCC</title><description>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.</description><subject>Currency Pegs</subject><subject>Domestic Liquidity</subject><subject>Domestic Policies</subject><subject>Economic Models</subject><subject>Exchange Rate Depreciation</subject><subject>Exchange Rate Pass-through</subject><subject>External Shocks</subject><subject>Gulf Cooperation Council</subject><subject>Inflation (Finance)</subject><isbn>9781451916645</isbn><isbn>9781451872293</isbn><isbn>9781451998368</isbn><isbn>1451998368</isbn><isbn>1451872291</isbn><isbn>1451916647</isbn><isbn>9781451998368</isbn><isbn>1451998368</isbn><fulltext>true</fulltext><rsrctype>book</rsrctype><creationdate>2009</creationdate><recordtype>book</recordtype><sourceid>2BV</sourceid><recordid>eNpFj0FLwzAYhiOiOGb_Qw-Cp0K-fMmX5Kh1boPBLsNrSdoEgm0623rw3yts4OnhhYcXnhtWWG1AKrDWIJnb_w1EUt2zleIISkujH1gxz8lzJCDgIFasfAtLmIaUXV7mcozlPsfeLWnMZcrltq4f2V10_RyKK9fs431zqnfV4bjd1y-HykkggZXg2vmOOonBYCfJRG-955y3gXvfBiMAtBUovUJvQuuIggdrlHbRtUrjmj1fjs_T-PUd5qUJfhw_25CXyfXN5rUG4spy_DOfLmYaYnOe0uCmn0YLTtduo4WwiL-bvEq4</recordid><startdate>20090401</startdate><enddate>20090401</enddate><creator>Kandil, Magda E</creator><creator>Morsy, Hanan</creator><general>International Monetary Fund</general><scope>2BV</scope><scope>C-M</scope><scope>KRY</scope></search><sort><creationdate>20090401</creationdate><title>Determinants of Inflation in GCC</title><author>Kandil, Magda E ; Morsy, Hanan</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-a41623-207abd6d43e83d468fb9bb000ce0bbce821179234b53b8eca66eb19857afac573</frbrgroupid><rsrctype>books</rsrctype><prefilter>books</prefilter><language>eng</language><creationdate>2009</creationdate><topic>Currency Pegs</topic><topic>Domestic Liquidity</topic><topic>Domestic Policies</topic><topic>Economic Models</topic><topic>Exchange Rate Depreciation</topic><topic>Exchange Rate Pass-through</topic><topic>External Shocks</topic><topic>Gulf Cooperation Council</topic><topic>Inflation (Finance)</topic><toplevel>online_resources</toplevel><creatorcontrib>Kandil, Magda E</creatorcontrib><creatorcontrib>Morsy, Hanan</creatorcontrib><collection>IMF E-Library</collection><collection>IMF Books & Analytical Papers</collection><collection>International Monetary Fund (IMF)</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Kandil, Magda E</au><au>Morsy, Hanan</au><format>book</format><genre>book</genre><ristype>BOOK</ristype><btitle>Determinants of Inflation in GCC</btitle><date>2009-04-01</date><risdate>2009</risdate><isbn>9781451916645</isbn><isbn>9781451872293</isbn><isbn>9781451998368</isbn><isbn>1451998368</isbn><isbn>1451872291</isbn><isbn>1451916647</isbn><eisbn>9781451998368</eisbn><eisbn>1451998368</eisbn><abstract>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.</abstract><cop>Washington</cop><pub>International Monetary Fund</pub><oclcid>503157487</oclcid><tpages>32</tpages><edition>1</edition><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISBN: 9781451916645 |
| ispartof | |
| issn | |
| language | eng |
| recordid | cdi_proquest_ebookcentral_EBC1605903 |
| source | IMF E-Library |
| subjects | Currency Pegs Domestic Liquidity Domestic Policies Economic Models Exchange Rate Depreciation Exchange Rate Pass-through External Shocks Gulf Cooperation Council Inflation (Finance) |
| title | Determinants of Inflation in GCC |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-10T20%3A59%3A30IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_imf_p&rft_val_fmt=info:ofi/fmt:kev:mtx:book&rft.genre=book&rft.btitle=Determinants%20of%20Inflation%20in%20GCC&rft.au=Kandil,%20Magda%20E&rft.date=2009-04-01&rft.isbn=9781451916645&rft.isbn_list=9781451872293&rft.isbn_list=9781451998368&rft.isbn_list=1451998368&rft.isbn_list=1451872291&rft.isbn_list=1451916647&rft_id=info:doi/&rft_dat=%3Cproquest_imf_p%3EEBC1605903%3C/proquest_imf_p%3E%3Curl%3E%3C/url%3E&rft.eisbn=9781451998368&rft.eisbn_list=1451998368&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=EBC1605903&rft_id=info:pmid/&rfr_iscdi=true |