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المؤلفAwad, Ibrahim L.
تاريخ الإتاحة2023-02-28T06:10:27Z
تاريخ النشر2019
اسم المنشورInternational Journal of Business and Economics (IJBE)
الاقتباسAwad, I. L. (2019). Revisiting the Exchange Rate Pass-Through to Domestic Inflation in Egypt: Why Is the Statistical Association Weak in the Short Run?. International Journal of Business and Economics, 18(1), 59-77.
معرّف المصادر الموحدhttp://hdl.handle.net/10576/40485
الملخصThis study investigates the question of “Why is the statistical association between exchange rate shocks and domestic inflation in Egypt weak?” The study relies on two econometric models, the SVAR model and the Markov switching regression model. Presenting results of statistical analysis showing that the exchange rate pass-through to domestic inflation in Egypt is weak and insignificant over the study’s whole period (2006Q1-2016Q3), but is significant for the sub-periods of 2006Q1-2010Q4 and 2011Q1-2016Q3. We explain the variations of both level and speed of exchange rate pass-through between the sub-periods by two factors: (i) monetary policy intervention to maintain targets for foreign exchange rates and real GDP growth; and (ii) structural change in the time series data resulting from a change in the macroeconomic policies.
اللغةen
الناشرAssociation-Institute for English Language and American Studies (AIELAS)
الموضوعprice stability
exchange rate pass-through
structural VAR model
Markov switching regression model
العنوانRevisiting the Exchange Rate Pass-Through to Domestic Inflation in Egypt: Why Is the Statistical Association Weak in the Short Run?
النوعArticle
الصفحات59-77
رقم العدد1
رقم المجلد18
ESSN2545-4137
dc.accessType Open Access


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