04409oam 22011774 450 991078833690332120230721045618.01-4623-9210-51-4518-7229-197866128430201-4519-9836-81-282-84302-8(CKB)3170000000055247(SSID)ssj0000940115(PQKBManifestationID)11967009(PQKBTitleCode)TC0000940115(PQKBWorkID)10948127(PQKB)11088763(OCoLC)503157487(MiAaPQ)EBC1605903(IMF)WPIEE2009082(IMF)WPIEA2009082(EXLCZ)99317000000005524720020129d2009 uf 0engurcn|||||||||txtccrDeterminants of Inflation in GCC /Magda Kandil, Hanan MorsyWashington, D.C. :International Monetary Fund,2009.32 p. illIMF Working PapersBibliographic Level Mode of Issuance: Monograph1-4519-1664-7 Includes bibliographical references.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.IMF Working Papers; Working Paper ;No. 2009/082Inflation (Finance)Foreign ExchangeimfInflationimfPublic FinanceimfProduction and Operations ManagementimfBusiness FluctuationsimfCyclesimfOpen Economy MacroeconomicsimfInternational Policy Coordination and TransmissionimfEconomic IntegrationimfEconomic Development: GeneralimfPrice LevelimfDeflationimfNational Government Expenditures and Related Policies: GeneralimfMacroeconomics: ProductionimfMacroeconomicsimfCurrencyimfForeign exchangeimfPublic finance & taxationimfExpenditureimfExchange rate adjustmentsimfExchange ratesimfCapacity utilizationimfPricesimfProductionimfExpenditures, PublicimfIndustrial capacityimfUnited Arab EmiratesimfInflation (Finance)Foreign ExchangeInflationPublic FinanceProduction and Operations ManagementBusiness FluctuationsCyclesOpen Economy MacroeconomicsInternational Policy Coordination and TransmissionEconomic IntegrationEconomic Development: GeneralPrice LevelDeflationNational Government Expenditures and Related Policies: GeneralMacroeconomics: ProductionMacroeconomicsCurrencyForeign exchangePublic finance & taxationExpenditureExchange rate adjustmentsExchange ratesCapacity utilizationPricesProductionExpenditures, PublicIndustrial capacityKandil Magda1472706Morsy Hanan1472707International Monetary Fund.DcWaIMFBOOK9910788336903321Determinants of Inflation in GCC3685574UNINA