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...
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INFORMATION
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1990/12/31
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Document de travail de recherche sur les politiques
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WPS553
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1
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1
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2010/07/01
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Money, inflation, and deficit in Egypt
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inflation