Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/29614
Title: Money, inflation and the Arab Spring in Bahrain
Authors: Miller, Michael S.
Epstein, Seth
Keywords: Arab Spring, 2010- -- Economic aspects
Inflation (Finance) -- Bahrain
Gross domestic product -- Bahrain
Consumer price indexes -- Bahrain
Issue Date: 2015
Publisher: University of Piraeus. International Strategic Management Association
Citation: Miller, M. S., & Epstein, S. (2015). Money, inflation and the Arab Spring in Bahrain. European Research Studies Journal, 18(1), 25-42.
Abstract: This paper investigates inflation in Bahrain during the period of the Arab Spring to determine effect of unrest on general and relative prices. We find first that the GDP deflator alone measures inflation in Bahrain; the CPI measures the cost of living only. Additionally, oil prices, the U.S. dollar’s trade-weighted value, and government price intervention are highly correlated with price movements. Disaggregated monthly CPI data reveal the onset of unrest is correlated with movements in several components of the CPI index, but the Arab Spring had its most direct and lasting causal effect solely on the housing.
URI: https://www.um.edu.mt/library/oar//handle/123456789/29614
Appears in Collections:European Research Studies Journal, Volume 18, Issue 1

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