Money, Inflation, and Deficit in Egypt
Author | : Marcelo Giugale |
Publisher | : World Bank Publications |
Total Pages | : 54 |
Release | : |
Genre | : |
ISBN | : |
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Author | : Marcelo Giugale |
Publisher | : World Bank Publications |
Total Pages | : 54 |
Release | : |
Genre | : |
ISBN | : |
Author | : Marcelo Giugale |
Publisher | : World Bank Publications |
Total Pages | : 56 |
Release | : 1990 |
Genre | : Deficit - Egipto |
ISBN | : |
Despite huge public sector deficits, Egypt has escaped high inflation by depleting three nonrecoverable assets: creditworthiness, money illusion, and enforceable foreign- exchange controls. Without a tough reform program, the country will soon be in a serious crisis.
Author | : Hinh T. Dinh |
Publisher | : World Bank Publications |
Total Pages | : 34 |
Release | : 1991 |
Genre | : Inflacion - Egipto |
ISBN | : |
Author | : |
Publisher | : Oxford University Press |
Total Pages | : 263 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 9774163036 |
Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.
Author | : Mr.Kenji Moriyama |
Publisher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2011-07-01 |
Genre | : Business & Economics |
ISBN | : 1455297739 |
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.
Author | : Gouda Abdel-Khalek |
Publisher | : Edward Elgar Publishing |
Total Pages | : 220 |
Release | : 2001-01-01 |
Genre | : Political Science |
ISBN | : 9781781009567 |
This book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP.
Author | : Hanaa Kheir-El-Din |
Publisher | : American University in Cairo Press |
Total Pages | : 232 |
Release | : 2009-10-01 |
Genre | : Business & Economics |
ISBN | : 1617973858 |
Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.
Author | : Henry Hazlitt |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 198 |
Release | : 1978 |
Genre | : Deflation (Finance) |
ISBN | : 1610164261 |
Author | : Jongrim Ha |
Publisher | : World Bank Publications |
Total Pages | : 513 |
Release | : 2019-02-24 |
Genre | : Business & Economics |
ISBN | : 1464813760 |
This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.