MOHADDES, KAMIAR; WILLIAMS, ORAL H. - In: Middle East Development Journal (MEDJ) 05 (2013) 02, pp. 1350012-1
This paper uses a pairwise approach to investigate the main factors that have been driving inflation differentials in the Gulf Cooperation Council (GCC) region for the past two decades. The results suggest that inflation differentials in the GCC are largely influenced by the oil cycle, mainly...