Cover Image
Read Now

Inflation Differentials in the GCC Does the Oil Cycle Matter?

This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly throug...

Full description

Bibliographic Details
Main Author: Williams, Oral
Other Authors: Mohaddes, Kamiar
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2011
Series:IMF Working Papers
Subjects:
Fiscal Stance
Price Indexes
Inflation
Credit
Dynamic Treatment Effect Models
Monetary Economics
Deflation
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Fiscal Policy
Consumer Price Indexes
Currency
Diffusion Processes
Nominal Effective Exchange Rate
Money
Time-series Models
Price Level
Foreign Exchange
Multiple Or Simultaneous Equation Models: Models With Panel Data
Prices
Macroeconomics
Dynamic Quantile Regressions
State Space Models
Money And Monetary Policy
Saudi Arabia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly through the credit and fiscal channels. This implies that closer coordination of fiscal policies will be key for facilitating the closer integration of the GCC economies and ahead of the move to a monetary union. The results also indicate that after controlling for cyclical factors, convergence increased even during the recent oil boom
Physical Description:30 pages
ISBN:9781463927288

Similar Items