Inflation Inertia in Egypt and its Policy Implications
27 Pages Posted: 19 Jul 2011
Date Written: July 2011
Abstract
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.
Suggested Citation: Suggested Citation
Moriyama, Kenji, Inflation Inertia in Egypt and its Policy Implications (July 2011). IMF Working Paper No. 11/160, Available at SSRN: https://ssrn.com/abstract=1888903
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.