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Author : Diaa Mohamed Noureldin
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (65 download)
Download or read book Inflation Targeting in the Case of Egypt written by Diaa Mohamed Noureldin and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hoda Abdel-Ghaffar Youssef
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)
Download or read book Towards Inflation Targeting in Egypt written by Hoda Abdel-Ghaffar Youssef and published by . This book was released on 2007 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how the Stability and Growth Pact may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension arrangements and by switching to funding rather than relying on pure pay-as-you go pension provision. We study how such reforms affect the room for adhering to the Pact, but also how the Pact may induce or hamper the incentives for reform. In our analysis we will draw on recent literature on the Pact and on the pensions and the ageing problem. We will also calibrate a simple model for addressing intergenerational equity.
Author : Hoda Abdel-Ghaffar Youssef
Publisher :
ISBN 13 : 9783843398015
Total Pages : 0 pages
Book Rating : 4.3/5 (98 download)
Download or read book Towards Inflation Targeting in Egypt written by Hoda Abdel-Ghaffar Youssef and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Kenji Moriyama
Publisher : International Monetary Fund
ISBN 13 : 1455297739
Total Pages : 27 pages
Book Rating : 4.4/5 (552 download)
Download or read book Inflation Inertia in Egypt and its Policy Implications written by Mr.Kenji Moriyama and published by International Monetary Fund. This book was released on 2011-07-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 : Hoda Essam Selim
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (862 download)
Download or read book Inflation Targeting and Exchange Rate Regimes in a Small Open Economy written by Hoda Essam Selim and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting (IT) was introduced in the early 1990s. IT theory, emerged years later, and allows a response to the exchange rate, only insofar as the latter affects the inflation forecast. However, this conclusion does not seem well-adapted to EMEs who departed from the conventional IT regime by giving a large place to the exchange rate.The objective of this thesis is to revisit the role of the exchange rate under IT in EMEs. In the case of Egypt, the aim is to study whether the exchange rate would constrain IT implementation and why. In particular, the thesis empirically explores nominal exchange misalignments and exchange rate pass-through to inflation as possible rationales for exchange rate management. Additional issues are explored like the scope of sterilized intervention under floating regimes, “fear of floating” and estimating de facto exchange rate regimes.The results show that the Central Bank of Egypt continues to limit exchange changes, despite abandoning the exchange rate target in 2003. This is because nominal exchange rate misalignments tend to be persistent and the exchange rate pass-through to CPI inflation is large and increasing. This should not be an obstacle to IT since exchange rate management would be the means to low inflation. In due time, reforms and credibility gains should lead to a low inflationary environment, improve the workings of the flexible exchange rate regime and be conducive to less erratic exchange rate fluctuations with adverse domestic repercussions.
Author : Doaa Akl Ahmed
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659534966
Total Pages : 68 pages
Book Rating : 4.5/5 (349 download)
Download or read book Inflation Targeting in Egypt written by Doaa Akl Ahmed and published by LAP Lambert Academic Publishing. This book was released on 2014-05 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting is a monetary policy framework that attracted many countries in the 1990s as a result of the disappointing performance under other regimes, mainly exchange rates targeting or monetary aggregate targeting. Due to its success in many developed and developing countries, the Central Bank of Egypt announced its intention to introduce inflation targeting regime to anchor its monetary policy when the basic prerequisites are satisfied. The book outlines the theoretical justification behind choosing inflation targeting and discusses its advantages and disadvantages, as well as compares it with other monetary regimes. The core of the book is to investigate the applicability of inflation targeting regime in Egypt by examining the extent to which the conditions of that regime are met.
Author : Shiref Fahmy Mohamed Shabana
Publisher :
ISBN 13 :
Total Pages : 238 pages
Book Rating : 4.:/5 (145 download)
Download or read book Inflation Target as a Framework for Monetary Policy with Application to Egyptian Economy written by Shiref Fahmy Mohamed Shabana and published by . This book was released on 2007 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Maha Emad Khaled
Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.:/5 (113 download)
Download or read book Is Egypt Willing to Embrace Inflation Targeting as a Framework for Its Monetary System? written by Maha Emad Khaled and published by . This book was released on 2019 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sarah Samy Farid
Publisher :
ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.:/5 (17 download)
Download or read book The Viability of a Fully Fledged Inflation Targeting Regime in Egypt written by Sarah Samy Farid and published by . This book was released on 2018 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Doaa Akl Ahmed Sayed Ahmed
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (86 download)
Download or read book An Operational Framework for Inflation Targeting in Egypt written by Doaa Akl Ahmed Sayed Ahmed and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The thesis focuses on the potential adoption of the inflation targeting (IT) regime in Egypt. Basically, it aimed at answering the following questions. (1) Should the central bank of Egypt shift to IT or continue with the current monetary policy framework, monetary aggregate targeting (MAT). (2) What the optimal policy horizon (OPH) should central bank choose to target inflation, (3) Does modelling inflation using models that allow for time-varying conditional variance, skewness and kurtosis helps in better understanding of inflation uncertainty? The main results of the thesis show that: (1) To answer the first question, the stability of velocity of money in circulation and money multiplier has been analysed using variance ratio tests and found unstable. Therefore, we could conclude that the current MAT framework cannot achieve its ultimate goal of price stability and it is believed that shifting to IT framework is highly recommended. (2) Concerning the OPH, the results show that the OPH is largely dependent on the nature of the shock and on a central bank's preferences over goals. Thus, for different kinds of the shocks, even if they are generally classified of the same type, the concern of the central bank about other policy objectives affects the policy horizon. With respect to shock persistence, the results demonstrate that the horizon increases with the persistence of the shock as persistent shock distributed over many period in comparison with transitory and less persistent shocks. (3) To answer the third question, the methodology proposed by Leon, Rubio, and Serna (2005) for modelling nonconstant conditional second, third and fourth moments is applied. The results indicate that models with nonconstant second, third and fourth moments are superior to models with time invariant volatility, skewness and kurtosis.
Author : Mongi Boughzala
Publisher : Springer
ISBN 13 : 0230316565
Total Pages : 339 pages
Book Rating : 4.2/5 (33 download)
Download or read book Inflation Targeting in MENA Countries written by Mongi Boughzala and published by Springer. This book was released on 2011-07-26 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe.
Author : Mr.Paul R. Masson
Publisher : International Monetary Fund
ISBN 13 : 145185515X
Total Pages : 54 pages
Book Rating : 4.4/5 (518 download)
Download or read book The Scope for Inflation Targeting in Developing Countries written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1997-10-01 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation targeting (IT) serves as monetary policy framework in several advanced economies, where it has enhanced policy transparency and accountability. The paper considers its wider applicability to developing countries. The prerequisites for a successful IT framework are identified as an ability to carry out an independent monetary policy (free of fiscal dominance or commitment to another nominal anchor, like the exchange rate) and a quantitative framework linking policy instruments to inflation. These prerequisites are largely absent among developing countries, though several of them could with some further institutional changes and an overriding commitment to low inflation make use of an IT framework.
Author : Mongi Boughzala
Publisher : Palgrave Macmillan
ISBN 13 : 9781349331390
Total Pages : 0 pages
Book Rating : 4.3/5 (313 download)
Download or read book Inflation Targeting in MENA Countries written by Mongi Boughzala and published by Palgrave Macmillan. This book was released on 2011-07-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe.
Author : Pierre-Richard Agénor
Publisher :
ISBN 13 : 9781597821711
Total Pages : 120 pages
Book Rating : 4.8/5 (217 download)
Download or read book Inflation Targeting and Financial Stability written by Pierre-Richard Agénor and published by . This book was released on 2013 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rania A. Al-Mashat
Publisher : International Monetary Fund
ISBN 13 : 1484379535
Total Pages : 71 pages
Book Rating : 4.4/5 (843 download)
Download or read book An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank written by Rania A. Al-Mashat and published by International Monetary Fund. This book was released on 2018-10-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-targeting central banks. The CNB has invested heavily in developing a Forecasting and Policy Analysis System (FPAS) to implement a full-fledged inflation-forecast-targeting (IFT) regime. The components of CBT-IT index include measures of transparency about monetary policy objectives, the FPAS designed to support IFT, and the monetary policymaking process. For the CNB, all three components have shown substantial improvements over time but a few gaps remain. The CNB is currently working on eliminating some of these gaps.
Author : Paolo Verme
Publisher : World Bank Publications
ISBN 13 : 1464801983
Total Pages : 155 pages
Book Rating : 4.4/5 (648 download)
Download or read book Inside Inequality in the Arab Republic of Egypt written by Paolo Verme and published by World Bank Publications. This book was released on 2014-04-08 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inside Inequality in the Arab Republic of Egypt: Facts and Perceptions Across People, Time, and Space comprises four papers prepared in the framework of the Egypt inequality study financed by the World Bank. The first paper, by Sherine Al-Shawarby, reviews the studies on inequality in Egypt since the 1950s with the double objective of illustrating the importance attributed to inequality through time and of presenting and compare the main published statistics on inequality. The second paper, by Branko Milanovic, turns to the global and spatial dimensions of inequality. The Egyptian society remains deeply divided across space and in terms of welfare, and this study unveils some of the hidden features of this inequality. The third paper, by Paolo Verme, studies facts and perceptions of inequality during the 2000-2009 period, which preceded the Egyptian revolution. The fourth paper, by Sahar El Tawila, May Gadallah, and Enas Ali A.El-Majeed, assesses the state of poverty and inequality among the poorest villages of Egypt. The paper attempts to explain the level of inequality in an effort to disentangle those factors that derive from household abilities from those factors that derive from local opportunities. Inside Inequality in the Arab Republic of Egypt provides some initial elements that could explain the apparent mismatch between inequality measured with household surveys and inequality aversion measured by values surveys. This is a particularly important and timely topic to address in light of the unfolding developments in the Arab region. The book should be of interest to any observer of the political and economic evolution of the Arab region in the past few years and to poverty and inequality specialists interested in a deeper understanding of the distribution of incomes in Egypt and other countries in the Middle East and North Africa region. World Bank Studies are available individually or on standing order. The World Bank Studies series is also available online through the Open Knowledge Repository (https://openknowledge.worldbank.org/) and the World Bank e-Library (www.worldbank.org/elibrary). Book jacket.
Author : Jongrim Ha
Publisher : World Bank Publications
ISBN 13 : 1464813760
Total Pages : 513 pages
Book Rating : 4.4/5 (648 download)
Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
