Analyzing price level in a booming economy: the case of Azerbaijan

Fakhri Hasanov ()

MPRA Paper from University Library of Munich, Germany

Abstract: The study analyzes price level in Azerbaijan economy over the period of 2000-2007 by employing a specific approach. The paper concludes that price increases caused by a resource boom differs from the price increases generated by a non-booming economy. Thereby, inflation mainly caused by resource boom has its own specific features in terms of impact on economy and therefore requires specific policy response. Some policy recommendations related to monetary and fiscal policies are suggested for elimination of harmful effects of resource boom and for preventing high price level in Azerbaijani economy.

Keywords: Oil boom; Dutch Disease; Price level; Azerbaijan economy; Bound Testing Approach. (search for similar items in EconPapers)
JEL-codes: C51 E64 P22 Q33 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

Published in Economics Education and Research Consortium Working paper No11/02E (2011): pp. 1-34

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Working Paper: Analyzing price level in a booming economy: the case of Azerbaijan (2011)
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