Supporting Studies for the World Economic Outlook, prepared by IMF staff, provide a more detailed analysis of issues … recently covered in the main pubication. The current edition includes studies of globalization and growth, the future of the …

and world commodity supplies and the real exchange rate and real commodity prices. It is shown that fiscal expansion and … increasing world commodity supplies simultaneously lead to an appreciation of the real exchange rate and a decline in relative …

, prepared jointly by the staff of the World Bank and the International Monetary Fund, provides a development perspective on the …

Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia … variables are included. The pattern of inflation is explained mainly by past inflation, the strength of the US dollar, US … inflation, and—depending on the subset of countries analyzed—monetary and exchange rate policies and nonfuel commodity prices …

prices should lead general price movements, and the level of commodity prices should be correlated with the general inflation … broadly support the conclusions of the model. Commodity price levels tend to be cointegrated with consumer-price inflation … rates. Commodity price movements contribute weakly to predictions of inflation rates but more strongly to predictions of …

Commodity prices may be a leading indicator of inflation, because of the relative importance of flexible auction …