Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The paper analyzes the forces driving inflation in the new EU10 member countries. A significant part of headline inflation in these countries is due to common factors, such as price level convergence and EU integration. However, idiosyncratic factors have also played a role in the inflation process. These factors are related to the country-specific financial conditions, pass-through from foreign prices, and demand-supply situation in each country, although administered price adjustments and increases of indirect taxes associated with EU accession are also likely to have played a role.

Finance --- Business & Economics --- Money --- Inflation (Finance) --- Fiscal policy --- Tax policy --- Taxation --- Government policy --- Economic policy --- Finance, Public --- Natural rate of unemployment --- Banks and Banking --- Foreign Exchange --- Inflation --- Macroeconomics --- Estimation --- Multiple or Simultaneous Equation Models: Models with Panel Data --- Price Level --- Deflation --- Economic Integration --- Energy: Demand and Supply --- Prices --- Interest Rates: Determination, Term Structure, and Effects --- Currency --- Foreign exchange --- Nominal effective exchange rate --- Energy prices --- Exchange rate arrangements --- Real interest rates --- Financial services --- Interest rates --- Czech Republic

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decade, the GCC coincident index and the real GDP growth have moved closely together. Since the indicator is constructed using a small number of common factors, the strong correlation between the indicator and real GDP growth points to a high degree of commonality across GCC economies. The timing and direction of movements in macroeconomic variables are characterized with respect to the coincident indicator. Finally, to obtain a meaningful economic interpretation of the latent factors, their behavior is compared to the observed economic variables.

Business & Economics --- Economic Theory --- Business cycles. --- Gulf Cooperation Council. --- Economic cycles --- Economic fluctuations --- Gulf Co-operation Council --- Co-operation Council for the Arab States of the Gulf --- States of Gulf Co-operation Council --- Golf-Rat --- GCC --- G.C.C. --- Majlis al-Taʻāwun al-Khalījī --- Majlis al-Taʻāwun al-Khalījī al-ʻArabī --- GKR --- Kooperationsrat Arabischer Staaten am Golf --- Cooperation Council for the Arab States of the Gulf --- Duwal Majlis al-Khalīj --- Gŏlpʻŭ Hyŏmnyŏk Wiwŏnhoe --- Kŏlpʻŭ Hyŏmnyŏk Wiwŏnhoe --- Majlis al-Taʻāwun li-Duwal al-Khalīj al-ʻArabīyah --- Golfkooperationsrat --- AGCC --- A.G.C.C. --- Duwal Majlis al-Taʻāwun al-Khalījī --- Sovet sotrudnichestva arabskikh gosudarstv Persidskogo zaliva --- SSAGPZ --- Arab Gulf Cooperation Council --- مجلس التعاون الخليجي --- مجلس التعاون لدول الخليج العربية --- Shūrā-yi Hamkārī-i Khalīj-i Fārs --- شوراى همکارى خليج فارس --- Persian Gulf Cooperation Council --- PGCC --- Conseil de coopération du Golfe --- Gulf Cooperative Council --- Cycles --- Consiglio di cooperazione del Golfo --- Ccg --- Econometrics --- Foreign Exchange --- Macroeconomics --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Price Level --- Inflation --- Deflation --- Classification Methods --- Cluster Analysis --- Principal Components --- Factor Models --- Economic growth --- Econometrics & economic statistics --- Currency --- Foreign exchange --- Business cycles --- Cyclical indicators --- Consumer prices --- Factor models --- Nominal effective exchange rate --- Prices --- Econometric models --- United States