during FY2004/2005:Q1-FY2015/2016:Q4; and Bayesian methods are used in estimation. Findings - The results show that monetary … and fiscal policy instruments in Egypt contribute to economic stability through their effects on inflation, output and …, inflation and debt. Also, it would be neither possible to contrast the outcome of monetary and fiscal authorities commitment to …

pressures. The possibility to adopt quot;more liberalquot; objectives in the future increases current inflation through an … accommodation effect. Simultaneously, the central bank tries to anchor inflation by promising to be even quot;more conservativequot …; in the future, which may be the relevant case for countries considering the adoption of inflation targeting …

pressures. The possibility to adopt quot;more liberalquot; objectives in the future increases current inflation through an … accommodation effect. Simultaneously, the central bank tries to anchor inflation by promising to be even quot;more conservativequot …; in the future, which may be the relevant case for countries considering the adoption of inflation targeting …

have constrained monetary authorities to respond to inflation and output during crisis, while there is mixed evidence for …

economies. The general findings for monetary policy are that, while it was costly to lower inflation (in terms of output and … inflation further from its already low level. While inflation was being lowered, in a number of cases central banks were also … evidence that these changes have helped in terms of better anchoring inflation expectations. At the same time there is no firm …