01772cas a2200253 a 4500 AALejournalIMF005267 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451870510 1018-5941 BD-DhAAL BD-DhAAL Alogeel, Hesham. Understanding the Inflationary Process in the GCC Region : The Case of Saudi Arabia and Kuwait / Hesham Alogeel, Maher Hasan. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (37 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper investigates the factors that affect inflation in the GCC region by examining the inflationary processes in Saudi Arabia and Kuwait. The paper utilizes a model that accounts for foreign factors affecting inflation, such as trading partners' inflation and exchange rate pass-through effect, as well as domestic influences. The analysis concludes that, in the long run, higher inflation in trading partners' countries is the main driving force for inflation in the two countries, with significant but lower contributions from the exchange rate pass-through effect and oil prices. Demand and money supply shocks affect inflation in the short run. Mode of access: Internet Hasan, Maher. IMF Working Papers; Working Paper ; No. 2008/193 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/193/001.2008.issue-193-en.xml IMF e-Library