, and Egypt). The results suggest that alleviating different financial frictions have a differential impact across countries …

This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … during 2005-2010. The interest rate channel is found to be relatively weak in Egypt, complicating the use of interest rates … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt …

Since 2004 Egypt''s growth has been accelerating in step with the launching of a series of ambitious reforms, reversing … a trend during the preceding half-decade when Egypt''s growth rate fell below that of most regional peers and well below … that of the average developing country. This paper seeks to identify factors that held back Egypt''s growth in the recent …

In light of the real appreciation of the Egyptian pound over the last six years and Egypt’s lackluster export growth … empirically Egypt’s equilibrium real exchange rate, that is, the rate that is consistent with fundamentals. The results show that …

Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing …