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 …

view of inflation. Second, we discuss how the recent inflationary episode has contributed to redistributing real resources …

aftermath of the global crisis with low inflation; but for further stable growth, certain policy frameworks and reforms need to … be reinforced. The fiscal stance should be made tighter to mitigate risks of inflation and external imbalances. Interest …

inflation remains high (21 percent at end-2011/12), real GDP growth, which is estimated at around 7 percent in 2011/12 and is …

. Inflation is constraining the room for monetary policy easing. Banks’ capital ratios have fallen slightly, but asset quality … structural reforms, fiscal consolidation, and low inflation are critical for a sustained recovery. …