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Author Alogeel, Hesham
Title Understanding the Inflationary Process in the GCC Region : The Case of Saudi Arabia and Kuwait
Imprint Washington : International Monetary Fund, 2008
©2008
book jacket
Descript 1 online resource (39 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series IMF Working Papers
IMF Working Papers
Note Intro -- Contents -- I. Introduction -- II. Brief Review of the Literature -- III. Economic Model and Methodology -- IV. Data and Estimation -- A. Inflationary developments -- B. Order of integration -- C. Estimates of the inflation model (Saudi Arabia) -- D. Estimates of the inflation model (Kuwait) -- V. Conclusions -- References -- Appendix 1. Detailed ECM Results -- Appendix 2. Calculating Demand Gap Series -- Appendix 3. Money Demand Equation and Excess Money Supply -- Tables -- 1. Unit Root Tests -- 2. Cointegration Test for Inflation Equation -- 3. Saudi Arabia: Comparing Alternative Models -- 4. Kuwait: Comparing Alternative Models -- Figures -- 1. Imports to Aggregate Domestic Demand Ratio, 1980-2007 -- 2. Non-oil Exports to Aggregate Domestic Demand Ratio, 1980-2007 -- 3. GCC: Inflation, 1964-2007 -- 4. Saudi Arabia: Inflation and its Theoretical Determinants, 1967-2007 -- 5. Saudi Arabia: Actual Inflation and Predicted Long- and Short-Run Inflation -- 6. Kuwait: Inflation and its Theoretical Determinants, 1974-2007 -- 7. Kuwait: Actual Inflation and the Predicted Long-run and Short-run Inflation -- Boxes -- 1. Empirical Evidence on Exchange Rate Pass-through -- Appendix Tables -- A1. Saudi Arabia: Vector Error Correction Estimates -- A2. Kuwait: Vector Error Correction Estimates -- A3. GCC: Selected Trading Partner Weights -- A4. PPP Assumption and Residual Tests -- A5. Cointegration Test for Money Demand Equation
This paper investigates the factors that affect inflation in the GCC region by examining the inflationary processes in Saudi Arabia and Kuwait. The paper utilizes a model that accounts for foreign factors affecting inflation, such as trading partners' inflation and exchange rate pass-through effect, as well as domestic influences. The analysis concludes that, in the long run, higher inflation in trading partners' countries is the main driving force for inflation in the two countries, with significant but lower contributions from the exchange rate pass-through effect and oil prices. Demand and money supply shocks affect inflation in the short run
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Alogeel, Hesham Understanding the Inflationary Process in the GCC Region : The Case of Saudi Arabia and Kuwait Washington : International Monetary Fund,c2008 9781451870510
Subject Inflation (Finance) -- Persian Gulf States -- Econometric models.;Inflation (Finance) -- Saudi Arabia -- Econometric models.;Inflation (Finance) -- Kuwait -- Econometric models
Electronic books
Alt Author Hasan, Maher
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