Towards inflation targeting in Egypt: the relationship between exchange rate and inflation
نویسندگان
چکیده
منابع مشابه
Investigating the Relationship between Exchange Rate and Inflation Targeting
This paper conducts empirical investigation on the relationship between exchange rate and inflation targeting regime in the three developed and three emerging Asian economies that have adopted inflation targeting (IT) regime. Using a multivariate GARCH model under BEKK specification, we investigate if exchange rate affect the performance of IT and the performance of IT is compared between Asian...
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Generally, one of the important issue in open macroeconomics and international finance literature is the innovations of exchange rate regimes, and exchange rate unification policy is one of the most important reforming policies in developing and emerging countries. By considering the experience of other emerging countries for exchange rates unification policy in this study, it will be investig...
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Experts believe that by lowering the interest rate on bank accounts, total cost of goods and services decreases, and secondly, investment production increases, both of which lead to lower inflation and provide stable employment field, on the other hand, are concerned about the negative effects of lowering the interest rate without lowering inflation and know the underlying requirement of nomin...
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We are grateful to participants at that workshop and colleagues at the Reserve Bank for their comments on the paper. We are particularly indebted to Luci Ellis for numerous comments and technical assistance with the use of Mathematica. The views expressed in this paper are our own and should not be attributed to the Reserve Bank of Australia.
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ژورنال
عنوان ژورنال: South African Journal of Economic and Management Sciences
سال: 2012
ISSN: 2222-3436,1015-8812
DOI: 10.4102/sajems.v15i3.203