فاعلية سياسات مكافحة التضخم في مصر

Abstract EN

The study attempted to test the effectiveness of anti-inflation policies in combating inflation in the Egyptian economy using time series for the period (1980-2020) The study is based on the hypothesis that anti-inflation policies are effective in targeting inflation in Egypt.

It was clear from the results of the estimation of the autoregressive model for the distributed and delayed time gaps that the error term correction coefficient is negative and statistically significant at the level of significance 1%, and this indicates the closeness of the equilibrium in the short term to the long term, The short-run error correction coefficient is (-3.27), which means that approximately 3.27% of the short-run deviations from the long-run equilibrium are corrected each year.

As it turns out, although the use of fiscal and monetary policy may affect inflation in the long term, just as fiscal policy affects inflation in the short term, However, the effect is very weak, whether for fiscal or monetary policy, and therefore the ineffectiveness of fiscal and monetary policy in treating inflation, whether in the short or long term.