Hidden Bibliographic Details
| Other authors / contributors: | Moriyama, Kenji, author.
International Monetary Fund. Middle East and Central Asia Department, issuing body.
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| ISBN: | 1283556324
9781283556323
9781462309221
1462309224
9781455261376
1455261378
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| Notes: | Includes bibliographical references.
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| Summary: | 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 as the immediate target of monetary policy. However, the paper also finds a significant level of persistence in the policy rate, making monetary policy pro-cyclical. More active use of interest rate policy, measures to improve domestic debt markets and a gradual move towards inflation targeting can help support a successful disinflation strategy for Egypt.
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| Other form: | Print version: Fund, International Monetary. Estimating a Small Open-Economy Model for Egypt: Spillovers, Inflation Dynamics, and Implications for Monetary Policy. Washington : International Monetary Fund, ©2011 9781455261376
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