Inflation and Oil Based Development: Failure of the Monetarist Model in Saudi Arabia

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Looney, R.E.
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1984
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1984
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Abstract
In order to determine a major cause of inflation in Saudi Arabia a monetarist model is develope_d and found to explain little of the observed pattern of price change. The inadequacy of the monetarist model in explaining the rate of inflation in Saudi Arabia raises the question as to whether or not the money supply is an exogenous variable in the country. If the money supply increases in response to other forces such as industrialization, some inftation will be the inevitable result of the structural factors underlying changes.
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Rivista Internazionale di Scienze Economiche e Commerciali, October/November 1984.
Refereed Journal Article
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https://hdl.handle.net/10945/40649
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Looney, R.E., "Inflation and Oil Based Development: Failure of the Monetarist Model in Saudi Arabia," Rivista Internazionale di Scienze Economiche e Commerciali, October/November 1984.
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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