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This paper estimates a small open economy model for Egypt to analyze inflation, output dynamics and monetary policy … markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt …
Persistent link: https://www.econbiz.de/10014412187
This paper investigates the degree of inflation inertia in Egypt and its determinants using the cross country data … consisting of over 100 countries. Medium-unbiased estimator of inflation inertia in Egypt is high compared to other countries, as …-cyclical macroeconomic policy and fiscal consolidation are a key to reduce inflation inertia and the costs of disinflation …
Persistent link: https://www.econbiz.de/10014399142
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This paper investigates macro-financial linkages in Egypt using two complementary methods, assessing the interaction between different macroeconomic aggregates and loan portfolio quality in a multivariate framework as well as through a panel vector autoregressive method that controls for...
Persistent link: https://www.econbiz.de/10012671098
Workers'' remittances have been playing an increasingly important role in the balance of payments of many countries and can significantly contribute to the strength of their external positions. Assessing the likely stability of remittance flows could be a valuable input to the analysis of their...
Persistent link: https://www.econbiz.de/10014400396
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...
Persistent link: https://www.econbiz.de/10014400447
In light of the real appreciation of the Egyptian pound over the last six years and Egypt’s lackluster export growth, questions of external competitiveness and exchange rate policy have arisen. This paper sheds light on these issues by estimating empirically Egypt’s equilibrium real exchange...
Persistent link: https://www.econbiz.de/10014400679
This paper examines the effect of the real exchange rate misalignment (RERMIS) on the collective economic growth of Egypt, Jordan, Morocco, and Tunisia. The paper constructs three measures of exchange rate misalignment based on purchasing power parity; a black market exchange rate; and a...
Persistent link: https://www.econbiz.de/10014401130