ENGLISH

Understanding the Inflationary Process in the GCC Region: The Case of Saudi Arabia and Kuwait

By Hesham Alogeel; Maher Hasan

Book information

Publisher
International Monetary Fund
Year
2008
ISBN
9781451915044, 9781451870510
LCC
HG229 -- .H37 2008eb
Language
english
Format
EPUB
Filesize
1 MB (1537555 bytes)
Series
IMF Working Papers
Edition
1
Pages
39\0
Time added
2023-08-25 23:48:13
Inflation (Finance) -- Persian Gulf States -- Econ

Description

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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