فاعلية سياسة معدل الفائدة في الاقتصاد المصريخلال الفترة (1980-2019)‎

Other Title(s)

The effectiveness of the interest rate policy in the Egyptian economy (1980-2019)‎

Author

النقيب، أنور محمود عبد العال

Source

مجلة التنمية و السياسات الاقتصادية

Issue

Vol. 23, Issue 1 (31 Jan. 2021), pp.33-61, 29 p.

Publisher

Arab Planning Institute

Publication Date

2021-01-31

Country of Publication

Kuwait

No. of Pages

29

Main Subjects

Economy and Commerce

Abstract EN

The study aims to test the extent of the ability and effectiveness of interest rate policy and its use as a transmission mechanism for monetary policy to transfer changes from the monetary economy to the real economy.

Multiple regression models were estimated using the least squares method to know the effect of the interest rate on some macroeconomic variables such as real investment spending, real GDP, and the real demand for money in the Egyptian economy during the period (1980-2019).

The results of the study concluded that the interest rate as a transmission mechanism is of weak effectiveness in the Egyptian economy, so the effect of the interest rate on the real demand for money is statistically insignificant, and the real private investment spending is not flexible to the interest rate, and the effect of the interest rate on the real GDP is very weak.Thus, the interest rate is a disrupted transmission mechanism in the Egyptian economy, and therefore the use of interest rate policy to influence the monetary policy intermediate targets (especially the monetary aggregates M1, M2, and M3) will be weak, which leads generally to the weak effectiveness of monetary policy in the real economy.

Hence, there is great importance for activating the interest rate mechanism in the economy.

American Psychological Association (APA)

النقيب، أنور محمود عبد العال. 2021. فاعلية سياسة معدل الفائدة في الاقتصاد المصريخلال الفترة (1980-2019). مجلة التنمية و السياسات الاقتصادية،مج. 23، ع. 1، ص ص. 33-61.
https://search.emarefa.net/detail/BIM-1262591

Modern Language Association (MLA)

النقيب، أنور محمود عبد العال. فاعلية سياسة معدل الفائدة في الاقتصاد المصريخلال الفترة (1980-2019). مجلة التنمية و السياسات الاقتصادية مج. 23، ع. 1 (كانون الثاني 2021)، ص ص. 33-61.
https://search.emarefa.net/detail/BIM-1262591

American Medical Association (AMA)

النقيب، أنور محمود عبد العال. فاعلية سياسة معدل الفائدة في الاقتصاد المصريخلال الفترة (1980-2019). مجلة التنمية و السياسات الاقتصادية. 2021. مج. 23، ع. 1، ص ص. 33-61.
https://search.emarefa.net/detail/BIM-1262591

Data Type

Journal Articles

Language

Arabic

Notes

يتضمن مراجع ببليوجرافية : ص. 59-61

Record ID

BIM-1262591