Investigating the Transmission Mechanism of Monetary Policy in Egypt - Couverture souple

Abdelkader, Hossam E. M.

Couverture souple

ISBN 10 : 3659249114 ISBN 13 : 9783659249112

Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

This book investigates the transmission mechanism from monetary policy to macroeconomy in Egypt between the War of 1973 and the Revolution of 2011. To achieve this, five empirical studies are included in this book, the first and second were consumer’s expenditure and investment expenditure under uncertainty. Furthermore, the results of these two chapters paved the way to the next chapters, interest rate channel, bank lending channel, and exchange rate channel under the regime shift. Additionally, Chapter 2 provides all the required discussion about the economic policies and developments in the Egyptian economy for the purpose of this study. The results of empirical part shows that the interest rate affects real GDP through consumption channel, while both bank lending and exchange rate affect real income through investment channel. Different econometric techniques are used to confirm these results, like: Engle-Ganger two-step model, Pesaran bounds tests, GARCH, VAR, Granger-causality, IRF, variance decomposition, Johansen’s cointegration, and VECM.

Détails de l'édition

• Éditeur: LAP LAMBERT Academic Publishing
• Date d'édition: 2012
• Langue: anglais
• ISBN 10: 3659249114
• ISBN 13: 9783659249112
• Reliure: Broché
• Nombre de pages: 276
• Coordonnées du fabricant: non disponible
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