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Author: Marcelo Giugale
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Marcelo Giugale
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
Author: Marcelo Giugale
Publisher: World Bank Publications
ISBN:
Category : Deficit - Egipto
Languages : en
Pages : 56
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Book Description
Despite huge public sector deficits, Egypt has escaped high inflation by depleting three nonrecoverable assets: creditworthiness, money illusion, and enforceable foreign- exchange controls. Without a tough reform program, the country will soon be in a serious crisis.
Author: Hinh T. Dinh
Publisher: World Bank Publications
ISBN:
Category : Inflacion - Egipto
Languages : en
Pages : 34
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Book Description
Author: Hanāʼ Khayr al-Dīn
Publisher: Oxford University Press
ISBN: 9774163036
Category : Business & Economics
Languages : en
Pages : 263
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Book Description
Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has been steadily rising. Does fiscal policy threaten price stability? Does wage growth in the Egyptian economy lead price inflation, or is it the reverse? In this volume, these and other questions are examined by contributors who participated in a conference held in Cairo in late 2007. Here is a coherent and comprehensive analysis of the factors driving prices in Egypt, in an attempt to find a satisfactory balance between prices and economic growth. While Egypt is the focus of the analysis, the papers draw upon the relevant literature, and international experience, the findings can be applied to other middle-income economies. This timely study helps to explain the complex issues facing economists and policymakers, with proposals for reform. Contributors: Hala Abou-Ali, Hala Fares, Omneia A. Helmy, Alaa Ibrahim, Hanaa Kheir-El-Din, Rania Al-Mashat, Diaa Noureldin, Klaus Schmidt-Hebbel, and Sherine Al-Shawarby.
Author: Hoda Abdel-Ghaffar Youssef
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 56
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Book Description
This paper explores how the Stability and Growth Pact may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension arrangements and by switching to funding rather than relying on pure pay-as-you go pension provision. We study how such reforms affect the room for adhering to the Pact, but also how the Pact may induce or hamper the incentives for reform. In our analysis we will draw on recent literature on the Pact and on the pensions and the ageing problem. We will also calibrate a simple model for addressing intergenerational equity.
Author: Mr.Kenji Moriyama
Publisher: International Monetary Fund
ISBN: 1455297739
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
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.
Author: Gouda Abdel-Khalek
Publisher: Edward Elgar Publishing
ISBN: 9781781009567
Category : Political Science
Languages : en
Pages : 220
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Book Description
This book studies the impact of Egypt's Economic Reform and Structural Adjustment Programme (ERSAP), the effects of which have been of great interest to the international community. Organizations such as the World Bank and the IMF uphold the programme as a success story and example for other countries to follow. ERSAP also has its critics, however, who resent its tendency to downsize government and fear possible negative effects on growth and development. The author discusses these concerns along with those regarding the possible negative social effects of ERSAP.
Author: Faika Refaie
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 76
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Book Description
Author: Mr. Arvind Subramanian
Publisher: International Monetary Fund
ISBN: 1451898428
Category : Business & Economics
Languages : en
Pages : 63
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Book Description
This paper analyzes the successful Egyptian stabilization experience during the 1990s, focusing on its distinctive features and contrasting them with the recent experiences of other developing countries. The key policy elements were a large fiscal adjustment, use of an exchange rate anchor that has endured for over six years, supported by prudent monetary policies, and early moves to liberalize interest and exchange markets. The outcomes included the avoidance of an output collapse despite the magnitude of fiscal adjustment; avoidance of stresses on the financial system; reversal of endemic dollarization; financial deepening at the expense of the banking system; and maintenance of external viability despite a lackluster export performance.
Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513592041
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
The economic and social impact of the COVID-19 pandemic over the past year has been well-managed by the authorities. Timely and prudent fiscal and monetary easing shielded the economy from the full brunt of the crisis, while alleviating the health and social impact of the shock. Sound economic policies helped deliver macroeconomic stabilization, safeguard debt sustainability, and preserve investor confidence. While growth is expected to rebound in FY2021/22, the outlook is still clouded by uncertainty related to the pandemic and the pace of vaccinations. High public debt and large gross financing needs leave Egypt vulnerable to external shocks or changes in financial market conditions for EMs. Near-term fiscal and monetary policies should thus continue to support the recovery without accumulating undue imbalances.