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Inflation Inertia in Egypt and its Policy Implications

Inflation Inertia in Egypt and its Policy Implications by Kenji Moriyama
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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.
International Monetary Fund; July 2011
26 pages; ISBN 9781462354665
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Title: Inflation Inertia in Egypt and its Policy Implications
Author: Kenji Moriyama
 
ISBNs
1462354661
9781455297733
9781462317332
9781462354665