On the drivers of inflation in Iraq
by Hatem Hatef Abdulkadhim Altaee; Sazan Taher Saeed
International Journal of Monetary Economics and Finance (IJMEF), Vol. 12, No. 3, 2019

Abstract: This study examines the main determinants of inflation in Iraq during the period from 1995 to 2017. In this context, this paper focuses on the major sources to explain inflation trend in Iraq. As econometrics technique, the autoregressive distributed lag (ARDL) cointegration framework is employed. The main results show that inflation has been caused by an admixture of factors including increase of money supply, and shortage of aggregate supply mirrored by growth of domestic product, which depends heavily on the performance of the oil sector and its price. The imported inflation seems to be another cause of inflation. However, one should not ignore the political instability and the sanction imposed on the country, as well as the invasion followed by the occupation of the country by the USA in 2003. Based on the results reached, the control of inflation in Iraq needs a combination of fiscal and monetary policies.

Online publication date: Fri, 05-Jul-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Monetary Economics and Finance (IJMEF):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com