Are International Food Price Spikes the Source of Egypt's High Inflation?

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 m...

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Bibliographic Details
Main Authors:	Al-Shawarby, Sherine, Selim, Hoda
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ADMINISTERED PRICES ADVANCED ECONOMIES AGRICULTURE BEHAVIOR OF PRICES BUDGET DEFICIT CAPITAL INFLOWS CAPITALIST ECONOMIES CENTRAL BANK CENTRAL BANKS CEREALS COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES CONSUMER PRICE CONSUMER PRICES CONSUMER PROTECTION CONSUMPTION BASKET CONSUMPTION EXPENDITURE CORE INFLATION CYCLICAL FLUCTUATIONS DEFLATION DEPOSITS DEPRECIATION DETERMINANTS OF INFLATION DEVALUATION DEVELOPING COUNTRIES DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC INFLATION DOMESTIC PRICE DOMESTIC PRICE INFLATION DOMESTIC PRICE LEVEL DOMESTIC PRICES DUMMY VARIABLE DUMMY VARIABLES ECONOMIC GROWTH ECONOMIC POLICY EFFECTIVE EXCHANGE RATES EMERGING ECONOMIES EMERGING MARKETS EMERGING MARKETS ECONOMIES ENDOGENOUS VARIABLES ENERGY PRICES EXCHANGE RATE EXCHANGE RATE ANCHOR EXCHANGE RATE PEG EXOGENOUS VARIABLE EXOGENOUS VARIABLES EXPENDITURE EXTERNAL SHOCK EXTERNAL SHOCKS FEDERAL RESERVE FEDERAL RESERVE BANK FISCAL BALANCES FISCAL POLICY FOOD CONSUMPTION FOOD PRICE FOOD PRICE INFLATION FOOD PRICES FOOD PRODUCTS FOOD SECURITY FOOD SUPPLY FOREIGN ASSETS FOREIGN CURRENCY FOREIGN PRICE LEVEL FRUITS GROWTH RATES HIGH INFLATION IMPORT IMPORT PRICES INCOME INCOME TAX INFLATION DYNAMICS INFLATION EXPECTATIONS INFLATION MEASURE INFLATION MEASURES INFLATION MOVEMENTS INFLATION RATE INFLATION TARGETING INFLATIONARY PRESSURES INTEREST RATE INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INFLATION INTERNATIONAL PRICE INTERNATIONAL PRICES LIQUIDITY LOCAL CURRENCY MACROECONOMIC VARIABLES MONETARY AUTHORITIES MONETARY POLICY MONETARY POLICY FRAMEWORK MONETARY POLICY FRAMEWORKS NOMINAL ANCHOR NOMINAL EXCHANGE RATE OIL PRICE OUTPUT OUTPUT GAP POLITICAL ECONOMY POVERTY REDUCTION PRICE ADJUSTMENT PRICE ADJUSTMENTS PRICE CHANGES PRICE INCREASES PRICE INDEX PRICE INDICES PRICE LEVEL PRICE RIGIDITY PRICE STABILITY PRICE VOLATILITY PRICING STRATEGIES PRODUCER PRICE PRODUCER PRICE INDEX REAL EXCHANGE RATE REAL EXPORTS REAL INTEREST RATES REJECTION RELATIVE PRICE RETAIL RETAILING ROBUSTNESS CHECKS SHORT-TERM INTEREST RATES STANDARD DEVIATION STEEL SUPPLY SHOCKS TAX RATES TRACK RECORD VARIANCE-COVARIANCE MATRIX VEGETABLES VOLATILITY WEIGHTS WFP WHEAT WORLD ECONOMY
Online Access:	http://documents.worldbank.org/curated/en/2012/08/16620776/international-food-price-spikes-source-egypts-high-inflation http://hdl.handle.net/10986/12021

Internet

http://documents.worldbank.org/curated/en/2012/08/16620776/international-food-price-spikes-source-egypts-high-inflation
http://hdl.handle.net/10986/12021

Are International Food Price Spikes the Source of Egypt's High Inflation?

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