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...
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INFORMATION
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2012/08/01
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Document de travail de recherche sur les politiques
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WPS6177
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1
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1
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2012/08/01
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Disclosed
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Are international food price spikes the source of Egypt's high inflation ?
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inflation
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