This paper examines whether domestic inflation spikes in Egypt during 2001-2011 were primarily the result of external food price shocks. To estimate the pass-through of international food price inflation to domestic price inflation, two different methodologies are used: a two-step regression model estimates the pass-through in the long run, and a vector autoregression model provides the short-run estimates. The empirical evidence confirms that pass-through...
更多显示
详细
-
2012/08/01
-
政策研究报告
-
WPS6177
-
1
-
1
-
2012/08/01
-
Disclosed
-
Are international food price spikes the source of Egypt's high inflation ?
-
inflation