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Record Nr. |
UNINA9910788336903321 |
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Autore |
Kandil Magda |
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Titolo |
Determinants of Inflation in GCC / / Magda Kandil, Hanan Morsy |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-9210-5 |
1-4518-7229-1 |
9786612843020 |
1-4519-9836-8 |
1-282-84302-8 |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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Inflation (Finance) |
Foreign Exchange |
Inflation |
Public Finance |
Production and Operations Management |
Business Fluctuations |
Cycles |
Open Economy Macroeconomics |
International Policy Coordination and Transmission |
Economic Integration |
Economic Development: General |
Price Level |
Deflation |
National Government Expenditures and Related Policies: General |
Macroeconomics: Production |
Macroeconomics |
Currency |
Foreign exchange |
Public finance & taxation |
Expenditure |
Exchange rate adjustments |
Exchange rates |
Capacity utilization |
Prices |
Production |
Expenditures, Public |
Industrial capacity |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Bibliographic Level Mode of Issuance: Monograph |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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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. |
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