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003 EG-GiCUC
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008 161226s2016 ua d f m 000 0 eng d
040 _aEG-GiCUC
_beng
_cEG-GiCUC
041 0 _aeng
049 _aDeposite
097 _aM.Sc
099 _aCai01.03.02.M.Sc.2016.Kh.A
100 0 _aKholoud Mahmoud Muhamed Hussien
245 1 0 _aAnalysis of exchange rate pass-through to inflation in Egypt (2003-2013) /
_cKholoud Mahmoud Muhamed Hussien ; Supervised Omneia Helmy , Mona Esam
246 1 5 _aتحليل ظاهرة انتقال اثر التغير في سعر الصرف إلى معدل التضخم في مصر: 2003/2013
260 _aCairo :
_bKholoud Mahmoud Muhamed Hussien ,
_c2016
300 _a131 P. :
_bcharts ;
_c25cm
502 _aThesis (M.Sc.) - Cairo University - Faculty of Economics and Political Science - Department of Economics
520 _aIt has been an ongoing challenge for economists to examine the underlying relationship between the exchange rate and prices, known as exchange rate pass-through. The theoretical and empirical literature stipulated that exchange rate shocks do influence the domestic price of imports. This shock is transmitted to producer and then consumer prices. In order to estimate and analyze the degree of exchange rate fluctuations pass-through to domestic prices, it is essential to understand the country{u2019}s exchange rate policies and examine the trends of inflation rate. Accordingly, this study presents an overview of the Egyptian macroeconomic environment, as well as its monetary policy. Since the early 1990s and through the adoption of flexible exchange rate regime and inflation targeting (IT) policy, the monetary policy in Egypt has evolved significantly. The study then utilizes a Structural Vector Auto-regression (SVAR) model, drawing on Bernanke (1986) and Sims (1986), to empirically examine and analyse the pass-through of exchange rate fluctuations to domestic prices in Egypt. The study uses monthly data covering the period 2003- 2013. The findings of the baseline model reveal the presence of a modest, incomplete and non-persistent exchange rate pass-through in Egypt. This finding can be attributed to the distortions in the CPI, as well as the authorities{u2019} behaviour in manipulating prices (i.e. export ban). Another possible explanation is that the Egyptian economy is not so open. Moreover, the study finds that the pass-through effect follows the direct exchange rate pass-through channels on domestic prices in Egypt
530 _aIssued also as CD
653 4 _aEgypt
653 4 _aInflation
653 4 _aRate Pass
700 0 _aMona Esam ,
_eSupervisor
700 0 _aOmneia Helmy ,
_eSupervisor
856 _uhttp://172.23.153.220/th.pdf
905 _aNazla
_eRevisor
905 _aSoheir
_eCataloger
942 _2ddc
_cTH
999 _c59174
_d59174