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Business and Economics > Production and Operations Management

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
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Cover Departmental Papers
Avoiding the New Mediocre: Raising Long-Term Growth in the Middle East and Central Asia
Ms. Pritha Mitra
,
Amr Hosny
,
Gohar Minasyan
,
Mr. Mark Fischer
, and
Gohar Abajyan
Raising the Middle East and Central Asia’s long-term growth prospects is critical for meeting the region's pressing need for jobs and higher living standards.
Keywords:
DPPP; DP; physical capital; GCC MENAP; exporter; oil exporter; oil importer; physical capital accumulation; foreign direct investment; physical capital growth; employment growth; Productivity; Oil; Employment; Capital accumulation; Oil prices; Middle East and Central Asia; Global
Cover IMF Working Papers
Hitchhiker’s Guide to Inflation in Libya
Mr. Serhan Cevik
and
Ms. Katerina Teksoz
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play central roles in the inflation process. These findings are broadly consistent with the experience of other countries that are natural resource dependent. We also find evidence that the imposition and subsequent removal of international sanctions on Libya had a noteworthy impact on consumer price inflation. Collectively, our estimates indicate that the deviations from an equilibrium path initiate significant adjustments in inflation dynamics, and that closer coordination between monetary and fiscal policies would improve the balance between economic growth and price stability.
Keywords:
WP; consumer price inflation; inflation dynamics; Inflation; money supply; exchange rate pass-through; international sanctions; inflation inertia; inflation process; money supply growth; Consumer prices; Monetary base; Consumer price indexes; Output gap; Global