Egypt has been able to escape high inflation by depleting its stocks of creditworthiness, money illusion, and enforceable foreign-exchange controls. These nonrecoverable assets are quickly becoming extinct and the economy is on an unsustainable path. The authors present a short- and medium-term dynamic model of the Egyptian economy and use it to simulate the effects on output and inflation of a stabilization-cum-adjustment program. Their conclusion...
Vea más
INFORMACIÓN
-
1990/12/31
-
Documento de trabajo sobre investigaciones relativas a políticas
-
WPS553
-
1
-
1
-
2010/07/01
-
Money, inflation, and deficit in Egypt
-
inflation