LEADER 05364oam 22012134 450 001 9910817194203321 005 20240402044709.0 010 $a1-4623-9210-5 010 $a1-4518-7229-1 010 $a9786612843020 010 $a1-4519-9836-8 010 $a1-282-84302-8 035 $a(CKB)3170000000055247 035 $a(SSID)ssj0000940115 035 $a(PQKBManifestationID)11967009 035 $a(PQKBTitleCode)TC0000940115 035 $a(PQKBWorkID)10948127 035 $a(PQKB)11088763 035 $a(OCoLC)503157487 035 $a(MiAaPQ)EBC1605903 035 $a(IMF)WPIEE2009082 035 $a(IMF)WPIEA2009082 035 $a(EXLCZ)993170000000055247 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDeterminants of Inflation in GCC /$fMagda Kandil, Hanan Morsy 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a32 p. $cill 225 1 $aIMF Working Papers 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-4519-1664-7 320 $aIncludes bibliographical references. 327 $aCover -- Contents -- I. Introduction -- II. Literature Review -- III. Econometric Methodology -- IV. Data and Estimation -- V. Extensions -- VI. Conclusions -- References -- Text Tables -- 1. Cointegration Test for Inflation Equation -- 2. Vector Error Correction Estimates: Lon Run Equation -- Appendix Figure 1. Impulse Response -- Appendix Tables -- 1. Bahrain: Vector Error Correction Estimates -- 2. Kuwait: Vector Error Correction Estimates -- 3. Oman: Vector Error Correction Estimates -- 4. Qatar: Vector Error Correction Estimates -- 5. Saudi Arabia: Vector Error Correction Estimates -- 6. United Arab Emirates: Vector Error Correction Estimates -- 7. Variance Decomposition p -- 8. Bahrain: Vector Error Correction Estimates -- 9. Kuwait: Vector Error Correction Estimates -- 10. Oman: Vector Error Correction Estimates -- 11. United Arab Emirates: Vector Error Correction Estimates. 330 3 $aInflationary pressures have heightened in the oil-rich Gulf Cooperation Council (GCC) since 2003. This paper studies determinants of inflation in GCC, using an empirical model that includes domestic and external factors. Inflation in major trading partners appears to be the most relevant foreign factor. In addition, oil revenues have reinforced inflationary pressures through growth of credit and aggregate spending. In the short-run, binding capacity constraints also explain higher inflation given increased government spending. Nonetheless, by targeting supply-side bottlenecks, the increase in government spending is easing capacity constraints and will ultimately help to moderate price inflation. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/082 606 $aInflation (Finance) 606 $aForeign Exchange$2imf 606 $aInflation$2imf 606 $aPublic Finance$2imf 606 $aProduction and Operations Management$2imf 606 $aBusiness Fluctuations$2imf 606 $aCycles$2imf 606 $aOpen Economy Macroeconomics$2imf 606 $aInternational Policy Coordination and Transmission$2imf 606 $aEconomic Integration$2imf 606 $aEconomic Development: General$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aMacroeconomics: Production$2imf 606 $aMacroeconomics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aPublic finance & taxation$2imf 606 $aExpenditure$2imf 606 $aExchange rate adjustments$2imf 606 $aExchange rates$2imf 606 $aCapacity utilization$2imf 606 $aPrices$2imf 606 $aProduction$2imf 606 $aExpenditures, Public$2imf 606 $aIndustrial capacity$2imf 607 $aUnited Arab Emirates$2imf 615 0$aInflation (Finance) 615 7$aForeign Exchange 615 7$aInflation 615 7$aPublic Finance 615 7$aProduction and Operations Management 615 7$aBusiness Fluctuations 615 7$aCycles 615 7$aOpen Economy Macroeconomics 615 7$aInternational Policy Coordination and Transmission 615 7$aEconomic Integration 615 7$aEconomic Development: General 615 7$aPrice Level 615 7$aDeflation 615 7$aNational Government Expenditures and Related Policies: General 615 7$aMacroeconomics: Production 615 7$aMacroeconomics 615 7$aCurrency 615 7$aForeign exchange 615 7$aPublic finance & taxation 615 7$aExpenditure 615 7$aExchange rate adjustments 615 7$aExchange rates 615 7$aCapacity utilization 615 7$aPrices 615 7$aProduction 615 7$aExpenditures, Public 615 7$aIndustrial capacity 676 $a332.414 700 $aKandil$b Magda$01631330 701 $aMorsy$b Hanan$01631331 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910817194203321 996 $aDeterminants of Inflation in GCC$93970072 997 $aUNINA