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 / Domenico Fanizza and Ludvig Söderling.

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 countries have followed monetary policy rules that according to standard monetary theory sho...

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Bibliographic Details
Main Authors: Fanizza, Domenico (Author), Söderling, Ludvig (Author)
Corporate Author: International Monetary Fund. Middle East and Central Asia Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, Middle East and Central Asia Dept., ©2006.
Series:IMF working paper ; WP/06/216.
Subjects:
Debts, Public > Africa, North.
Debts, Public > Middle East.
Fiscal policy > Africa, North.
Fiscal policy > Middle East.
Inflation (Finance) > Africa, North.
Inflation (Finance) > Middle East.
Debts, Public
Fiscal policy
Inflation (Finance)
North Africa
Middle East
Online Access:Click for online access
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. MONEY AND PRICES IN THE MIDDLE EAST AND NORTH AFRICA: THE PUZZLE OF THE MISSING INFLATION
  • III. AN ALTERNATIVE ANALYTICAL FRAMEWORK: THE FISCAL THEORY OF PRICES
  • A. The Underlying Model: Standard Cash-in-Advance
  • B. Multiple Equilibria
  • IV. THE FISCAL THEORY OF THE PRICE LEVEL APPLIED TO MENA
  • V. IMPLICATIONS FOR FUND POLICY ADVICE
  • REFERENCES

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