LEADER 05529oam 22012854 450 001 9910965597303321 005 20250426110927.0 010 $a9786612843020 010 $a9781462392100 010 $a1462392105 010 $a9781451872293 010 $a1451872291 010 $a9781451998368 010 $a1451998368 010 $a9781282843028 010 $a1282843028 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(IMF)WPIEE2009082 035 $a(IMF)WPIEA2009082 035 $a(MiAaPQ)EBC1605903 035 $aWPIEA2009082 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 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9781451916645 311 08$a1451916647 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 $aBusiness Fluctuations$2imf 606 $aCapacity utilization$2imf 606 $aCurrency$2imf 606 $aCycles$2imf 606 $aDeflation$2imf 606 $aEconomic Development: General$2imf 606 $aEconomic Integration$2imf 606 $aExchange rate adjustments$2imf 606 $aExchange rates$2imf 606 $aExpenditure$2imf 606 $aExpenditures, Public$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aIndustrial capacity$2imf 606 $aInflation$2imf 606 $aInternational Policy Coordination and Transmission$2imf 606 $aMacroeconomics$2imf 606 $aMacroeconomics: Production$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aOpen Economy Macroeconomics$2imf 606 $aPrice Level$2imf 606 $aPrices$2imf 606 $aProduction and Operations Management$2imf 606 $aProduction$2imf 606 $aPublic finance & taxation$2imf 606 $aPublic Finance$2imf 607 $aUnited Arab Emirates$2imf 615 0$aInflation (Finance) 615 7$aBusiness Fluctuations 615 7$aCapacity utilization 615 7$aCurrency 615 7$aCycles 615 7$aDeflation 615 7$aEconomic Development: General 615 7$aEconomic Integration 615 7$aExchange rate adjustments 615 7$aExchange rates 615 7$aExpenditure 615 7$aExpenditures, Public 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aIndustrial capacity 615 7$aInflation 615 7$aInternational Policy Coordination and Transmission 615 7$aMacroeconomics 615 7$aMacroeconomics: Production 615 7$aNational Government Expenditures and Related Policies: General 615 7$aOpen Economy Macroeconomics 615 7$aPrice Level 615 7$aPrices 615 7$aProduction and Operations Management 615 7$aProduction 615 7$aPublic finance & taxation 615 7$aPublic Finance 676 $a332.414 700 $aKandil$b Magda$01816485 701 $aMorsy$b Hanan$01816381 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910965597303321 996 $aDeterminants of Inflation in GCC$94372595 997 $aUNINA