We model demand for money in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) and test poolability (a key policy question in view of a planned monetary union) through a new bootstrap test. The results suggest that the welfare cost of inflation is different across GCC countries.

A study in panel cointegration and poolability: Long-run money demand equations for Gulf Cooperation Council countries

DI IORIO, FRANCESCA;
2012

Abstract

We model demand for money in the Gulf Cooperation Council (GCC) countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) and test poolability (a key policy question in view of a planned monetary union) through a new bootstrap test. The results suggest that the welfare cost of inflation is different across GCC countries.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/458938
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