Beta
ManageSearchChatDiscover
320811

Inflation targeting via monetary policy corridors: a study of international experiences (Egypt, New Zealand, Turkey and Brazil) during the period (1990- 2020)

Article

Last updated: 24 Dec 2024

OverviewSimilar Items

Subjects

-

Tags

-

Abstract

Inflation targeting is a framework for achieving the ultimate goal of monetary policy. Many countries have shown that the inflation targeting mechanism is an effective system for managing monetary policy in its endeavor to achieve general price stability. This study aims at introducing the inflation targeting policy, defining monetary policy corridors and presenting the necessary requirements for the successful implementation of this policy. The researchers used the Autoregressive Distributed Lag (ARDL)model based on the data of the World Bank during the period from 1990-2020. The research concluded that in Egypt, the exchange rate and money supply are the two most influential paths in targeting inflation. As for New Zealand, the interest rate and money supply are the two most influential tools in targeting inflation. In Turkey, the interest rate, exchange rate and money supply are the most influential paths in targeting inflation. As for Brazil, the exchange rate and the interest rate are the two most effective tools for targeting inflation. This study recommends those in charge of monetary policy in thoses countries to focus on the most important variables in influencing inflation, which represent channels through which inflation can be targeted.

DOI

10.21608/acj.2023.320811

Keywords

.Monetary Policy, Corridors- Inflation targeting- ADRL model

Authors

First Name

Nashwa Mohamed

Last Name

Abdrabow

MiddleName

-

Affiliation

Department of Economics and Public Finance, Faculty of Commerce Tanta University, Tanta, Egypt

Email

nashwa.abdrabow@commerce.tanta.edu.eg

City

-

Orcid

-

First Name

Farouk Fathy Elsayed

Last Name

Elgazzar

MiddleName

-

Affiliation

Department of Economics and Public Finance, Faculty of Commerce Tanta University,Tanta, Egypt

Email

farouk.elgazar@commerce.tanta.edu.eg

City

-

Orcid

-

Volume

60

Article Issue

5

Related Issue

43876

Issue Date

2023-09-01

Receive Date

2023-03-04

Publish Date

2023-09-01

Page Start

1

Page End

32

Print ISSN

2682-4183

Online ISSN

2682-4191

Article File

ACJ_Volume 60_Issue 5_Pages 1-32.pdf

PDF . 5.9MB

Link

https://acjalexu.journals.ekb.eg/article_320811.html

Detail API

https://acjalexu.journals.ekb.eg/service?article_code=320811

Order

1

Type

المقالة الأصلية

Type Code

759

Publication Type

Journal

Publication Title

مجلة جامعة الإسکندرية للعلوم الإدارية

Publication Link

https://acjalexu.journals.ekb.eg/

MainTitle

Inflation targeting via monetary policy corridors: a study of international experiences (Egypt, New Zealand, Turkey and Brazil) during the period (1990- 2020)

Details

Type

Article

Created At

24 Dec 2024