IMF: Liberalisation of trade can curb Iraqi inflation
An IMF paper published on 1 July shows that the rapid rise in inflation witnessed in Iraq as a result of the war can be curtailed by liberalising trade in oil exports
Since the invasion in 2003, inflation in Iraq has been high, and in 2006 it increased sharply. Containing it has turned out to be one of the most challenging aspects of economic management in Iraq. Authors David Grigorian and Udo Kock build a theoretical model based on the insights into the workings of socialist economies under
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