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Inflation Inertia in Egypt and its Policy Implications, Kenji Moriyama

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
Table Of Contents
1. Statistics of the Distribution of Inflation for Countries with per Capita GDP (PPP base) from US6000 to 15,0002. Emerging Market Countries: Transition Matrix, 1980-2009; 3. Egypt: Estimated Headlines CPI Inflation (Monthly, Seasonally Adjusted) Intertia, 2000- June 2010; 4. Some Statistics of the Distribution of Inflation Inertia in the 2000s; 5. Determinants of Inflation Inertia by Cross Country Data, 2000-2010; Appendixes; 1. Coefficient of AR(1) Process of Inflation in an Example in Fuhrer (2009)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (28 p.)
Specific Material Designation
Form Of Item

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