TY - BOOK ID - 11263035 TI - Determinants of Inflation in GCC AU - Kandil, Magda. AU - Morsy, Hanan. AU - International Monetary Fund. PY - 2009 SN - 1451916647 1282843028 1451998368 9786612843020 1451872291 1462392105 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Business & Economics KW - Money KW - Inflation (Finance) KW - Gulf Cooperation Council. KW - Gulf Co-operation Council KW - Co-operation Council for the Arab States of the Gulf KW - States of Gulf Co-operation Council KW - Golf-Rat KW - GCC KW - G.C.C. KW - Majlis al-Taʻāwun al-Khalījī KW - Majlis al-Taʻāwun al-Khalījī al-ʻArabī KW - GKR KW - Kooperationsrat Arabischer Staaten am Golf KW - Cooperation Council for the Arab States of the Gulf KW - Duwal Majlis al-Khalīj KW - Gŏlpʻŭ Hyŏmnyŏk Wiwŏnhoe KW - Kŏlpʻŭ Hyŏmnyŏk Wiwŏnhoe KW - Majlis al-Taʻāwun li-Duwal al-Khalīj al-ʻArabīyah KW - Golfkooperationsrat KW - AGCC KW - A.G.C.C. KW - Duwal Majlis al-Taʻāwun al-Khalījī KW - Sovet sotrudnichestva arabskikh gosudarstv Persidskogo zaliva KW - SSAGPZ KW - Arab Gulf Cooperation Council KW - مجلس التعاون الخليجي KW - مجلس التعاون لدول الخليج العربية KW - Shūrā-yi Hamkārī-i Khalīj-i Fārs KW - شوراى همکارى خليج فارس KW - Persian Gulf Cooperation Council KW - PGCC KW - Conseil de coopération du Golfe KW - Gulf Cooperative Council KW - Natural rate of unemployment KW - Consiglio di cooperazione del Golfo KW - Ccg KW - Foreign Exchange KW - Inflation KW - Public Finance KW - Production and Operations Management KW - Business Fluctuations KW - Cycles KW - Open Economy Macroeconomics KW - International Policy Coordination and Transmission KW - Economic Integration KW - Economic Development: General KW - Price Level KW - Deflation KW - National Government Expenditures and Related Policies: General KW - Macroeconomics: Production KW - Macroeconomics KW - Currency KW - Foreign exchange KW - Public finance & taxation KW - Expenditure KW - Exchange rate adjustments KW - Exchange rates KW - Capacity utilization KW - Prices KW - Production KW - Expenditures, Public KW - Industrial capacity KW - United Arab Emirates UR - https://www.unicat.be/uniCat?func=search&query=sysid:11263035 AB - 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. ER -