The efficacy of egyptian monetary policy responses to the global financial crisis
Author's Department
Economics Department
Document Type
Research Article
Publication Title
Knowledge Management and Innovation: A Business Competitive Edge Perspective - Proceedings of the 15th International Business Information Management Association Conference, IBIMA 2010
Publication Date
1-1-2010
Abstract
A dynamic stochastic general equilibrium model is used in this paper to assess the effectiveness of the operating and intermediate targets in attaining the monetary goals that the Central Bank of Egypt adopted in the wake of the global financial crisis. The study covers the period from January 1993 till March 2010, which marks the active utilization of monetary policy in Egypt. The results reveal that the operating targets are appropriate, yet the intermediate target is not functional in attaining the fundamental goal of price stability. Interest rates are more suitable for a long term impact on all ultimate goals.
First Page
1264
Last Page
1275
Recommended Citation
APA Citation
Abdel-Baki, M.
(2010). The efficacy of egyptian monetary policy responses to the global financial crisis. Knowledge Management and Innovation: A Business Competitive Edge Perspective - Proceedings of the 15th International Business Information Management Association Conference, IBIMA 2010, 2, 1264–1275.
https://fount.aucegypt.edu/faculty_journal_articles/518
MLA Citation
Abdel-Baki, Monal
"The efficacy of egyptian monetary policy responses to the global financial crisis." Knowledge Management and Innovation: A Business Competitive Edge Perspective - Proceedings of the 15th International Business Information Management Association Conference, IBIMA 2010, vol. 2, 2010, pp. 1264–1275.
https://fount.aucegypt.edu/faculty_journal_articles/518