Commodity Prices and Inflation in the Middle East, North Africa, and Central Asia.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Working Papers; Working Paper ; No. 2010/135

IMF Working Papers

Language:

English

Subjects (All):

Prices.

Inflation (Finance).

Physical Description:

1 online resource (58 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia during the period 1996-2009, falling until about 2000 and then rising. International fuel prices do not help explain this pattern. This conclusion is robust even when different cross sections of countries are tested or when different regression variables are included. The pattern of inflation is explained mainly by past inflation, the strength of the US dollar, US inflation, and—depending on the subset of countries analyzed—monetary and exchange rate policies and nonfuel commodity prices.

Contents:

Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Background and Overview of Inflation in the MENACA Region; 1. GDP Weighted Inflation, 1996-2007; 1. Inflation, 1996-2007; 2. GDP Weighted Inflation by Region, 1996-2007; 3. GDP Weighted Inflation by Oil Intensity, 1996-2007; III. Analysis of Factors Determining Inflation; A. Factors affecting inflation; 4. World Commodity Price Indices, 1995-2007; 5. US Dollar Exchange Rates, 1996-2007; B. The model; C. Main Results; 2. Inflation Regressions, 1997-2008; 3. Inflation Regressions with Interest Rates, 1997-2008

4. Inflation Regressions by Region, 1997-20085. Inflation Regressions by Oil Intensity, 1997-2008; 6a. Inflation Regressions by Exchange Rate Regime, 1997-2008; 6b. Inflation Regressions by Exchange Rate Regime, 1997-2008; 2b. Inflation Regressions, 1997-2007; 7. Inflation Regressions with a Time Trend Variable, 1997-2008; D. Differences by Region; E. Differences by Oil Intensity; F. Fixed exchange rates versus floating exchange rates; G. Other tests; H. The Global Financial Crisis; I. Time Trend; J. Summary and Conclusions; 8. Summary of Regression Variables, 1997-2007; I. Unit Root Tests

II. Data and Countries AnalyzedReferences; Footnotes

Notes:

"June 2010".

Includes bibliographical references.

Description based on print version record.

ISBN:

9786612846106

9781462301256

1462301258

9781455214228

1455214221

9781282846104

1282846108

9781455201181

1455201189

OCLC:

867926647