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The Determinants of Inflation in Kuwait : An Empirical Investigation

المصدر: المجلة العربية للعلوم الإدارية
الناشر: جامعة الكويت - مجلس النشر العلمي
المؤلف الرئيسي: Al Salman, Abd Allah E. (مؤلف)
المجلد/العدد: مج22, ع1
محكمة: نعم
الدولة: الكويت
التاريخ الميلادي: 2015
الشهر: يناير
الصفحات: 49 - 72
DOI: 10.34120/0430-022-001-003
ISSN: 1029-855X
رقم MD: 670661
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
JEL Classification | C51, E31, E52 | Monetary Policy | Econometric Model Construction and Estimation | Price Level and Inflation
رابط المحتوى:
صورة الغلاف QR قانون

عدد مرات التحميل

22

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المستخلص: We conduct empirical analysis of the main factors influencing inflation in Kuwait. The State of Kuwait is representative of small open economy facing capital mobility. Due to the lack of well-developed domestic financial market and domestic investment opportunities a model of price determination is developed and tested based on supply-side constraints, demand pressures, and spillovers from external factors, as well as the role of second-round effects and entrenched expectations on price adjustments. The main finding useful for the conduct of monetary policy in Kuwait is that money supply, domestic and foreign interest rates, the exchange rate, and world prices are the main determinants of consumer prices in Kuwait. Exchange rate pass-through and money supply shocks come up as the foremost factor and predominates in the inflationary process.

ISSN: 1029-855X

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