Inflation Inertia in Egypt and its Policy Implications

WPIEA2011160 Image
Price:  $18.00

Author/Editor: Kenji Moriyama
Release Date: © July, 2011
ISBN : 978-1-45529-773-3
Stock #: WPIEA2011160
English
Stock Status: On back-order

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Description

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 indicated by its location around the upper quartile among the sample. The cross country analysis indicates that counter-cyclical macroeconomic policy and fiscal consolidation are a key to reduce inflation inertia and the costs of disinflation.

Taxonomy

Business cycles , Economic development , Economic policy , Inflation , Monetary policy




More publications in this series: Working Papers


More publications by: Kenji Moriyama