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Fiscal Determinants of Inflation

Fiscal Determinants of Inflation »

Source: Fiscal Determinants of Inflation : A Primer for the Middle East and North Africa

Volume/Issue: 2006/216

Series: IMF Working Papers

Author(s): Ludvig Söderling , and Domenico Fanizza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

ISBN: 9781451864762

Keywords: Fiscal theory of the price level, price level, money stock, money growth,

Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countr...

Algeria
			: Selected Issues

Algeria : Selected Issues »

Volume/Issue: 2014/34

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 February 2014

DOI: http://dx.doi.org/10.5089/9781475525984.002

ISBN: 9781475525984

Keywords: Exchange rate depreciation, Algeria, Real effective exchange rates, Selected issues, Monetary policy, Nonoil sector, Monetary transmission mechanism, Fiscal policy, Global competitiveness, Hydrocarbons

This Selected Issues paper examines the options and strategies for designing a fiscal framework for Algeria. It suggests that given the expected lifetime of hydrocarbon reserves, ensuring long-term sustainability a...

Fiscal Determinants of Inflation
			: A Primer for the Middle East and North Africa

Fiscal Determinants of Inflation : A Primer for the Middle East and North Africa »

Volume/Issue: 2006/216

Series: IMF Working Papers

Author(s): Ludvig Söderling , and Domenico Fanizza

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2006

DOI: http://dx.doi.org/10.5089/9781451864762.001

ISBN: 9781451864762

Keywords: Fiscal theory of the price level, price level, money stock, money growth,

Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countr...

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

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

Volume/Issue: 2010/135

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2010

DOI: http://dx.doi.org/10.5089/9781455201181.001

ISBN: 9781455201181

Keywords: money supply, aggregate demand, money growth, International Monetary Arrangements and Institutions, Financial Aspects of Economic Integration,

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 d...

Does Financial Globalization Induce Better Macroeconomic Policies?

Does Financial Globalization Induce Better Macroeconomic Policies? »

Volume/Issue: 2004/84

Series: IMF Working Papers

Author(s): Shang-Jin Wei , and Irina Tytell

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2004

DOI: http://dx.doi.org/10.5089/9781451850673.001

ISBN: 9781451850673

Keywords: Discipline effect, mood swings, deficit, financial globalization, foreign assets, and deficit,

Monetary and fiscal policies around the world are in better shape today than two decades ago. This paper studies whether financial globalization has helped induce governments to pursue better macroeconomic policies...

Estimating The Inflation-Growth Nexus-A Smooth Transition Model

Estimating The Inflation-Growth Nexus-A Smooth Transition Model »

Volume/Issue: 2010/76

Series: IMF Working Papers

Author(s): Raphael Espinoza , Ananthakrishnan Prasad , and Gene Leon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982190.001

ISBN: 9781451982190

Keywords: Growth, Phillips curve, Logistic Smooth Transition, effect of inflation, terms of trade, monetary fund,

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between in...

Income Inequality
			: Does Inflation Matter?

Income Inequality : Does Inflation Matter? »

Volume/Issue: 1998/7

Series: IMF Working Papers

Author(s): Ales Bulir

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 1998

DOI: http://dx.doi.org/10.5089/9781451928549.001

ISBN: 9781451928549

Keywords: Income distribution, Kuznets hypothesis, low inflation, price stability, effects of inflation, high inflation

This paper contributes to the income inequality literature that is based on the traditional Kuznets model. Price stability, financial deepening, level of development, state employment, and fiscal redistribution are...

Inflation Targeting Lite

Inflation Targeting Lite »

Volume/Issue: 2003/12

Series: IMF Working Papers

Author(s): Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451842920.001

ISBN: 9781451842920

Keywords: Monetary policy framework, central bank, inflation, inflation target,

Inflation targeting lite (ITL) countries float their exchange rate and announce an inflation target, but are not able to maintain the inflation target as the foremost policy objective. This paper identifies 19 emer...

Inflation Targeting Regimes

Inflation Targeting Regimes »

Volume/Issue: 2003/9

Series: IMF Working Papers

Author(s): Alina Carare , and Mark Stone

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2003

DOI: http://dx.doi.org/10.5089/9781451842616.001

ISBN: 9781451842616

Keywords: Monetary policy framework, central bank, inflation, inflation target,

This paper classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes. This clas...

Long-Run Exchange Rate Dynamics
			: A Panel Data Study

Long-Run Exchange Rate Dynamics : A Panel Data Study »

Volume/Issue: 1999/50

Series: IMF Working Papers

Author(s): Karl Habermeier , and Mario Mesquita

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1999

DOI: http://dx.doi.org/10.5089/9781451846959.001

ISBN: 9781451846959

Keywords: Exchange Rates, Panel Data Econometrics, Purchasing Power Parity (PPP), Balassa-Samuelson Effect, Terms of Trade, exchange rate, real exchange rates, real exchange rate, inflation

Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing power parity hypothesis (PPP) is examined first using unit root tests. It is found that PPP does...