Inflation Inertia in Egypt and its Policy Implications

27 Pages Posted: 19 Jul 2011

See all articles by Kenji Moriyama

Kenji Moriyama

International Monetary Fund (IMF)

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

Moriyama, Kenji, Inflation Inertia in Egypt and its Policy Implications (July 2011). IMF Working Papers, Vol. , pp. 1-26, 2011. Available at SSRN: https://ssrn.com/abstract=1888903

Kenji Moriyama (Contact Author)

International Monetary Fund (IMF) ( email )

Register to save articles to
your library

Register

Paper statistics

Downloads
60
Abstract Views
359
rank
359,864
PlumX Metrics