IDEAS home Printed from https://ideas.repec.org/p/erg/wpaper/9924.html
   My bibliography  Save this paper

Supply-Side Asymmetry: Evidence from the Middle East in Contrast to Developing and Developed Countries

Author

Listed:
  • Magda Kandil

    (International Monetary Fund)

Abstract

The paper investigates asymmetry in the slope of the aggregate supply curve in the face of aggregate demand shocks using annual data for ten countries of the Middle East. The evidence is contrasted to a sample of developing countries and a sample of more developed countries. The empirical evidence is consistent with a steeper supply curve in the face of positive demand shocks compared to negative shocks for many countries. For these countries, demand fluctuations are consistent with a net positive contribution to trend price inflation and a net negative contribution to trend output growth. These results challenge the long-term neutrality of demand fluctuations.

Suggested Citation

  • Magda Kandil, 1999. "Supply-Side Asymmetry: Evidence from the Middle East in Contrast to Developing and Developed Countries," Working Papers 9924, Economic Research Forum, revised Aug 1999.
    • Handle: RePEc:erg:wpaper:9924
    as

    Download full text from publisher

    File URL: http://www.erf.org.eg/cms.php?id=NEW_publication_details_working_papers&publication_id=125
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:9924. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sherine Ghoneim (email available below). General contact details of provider: https://edirc.repec.org/data/erfaceg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.