The impact of inflation on the unemployment rate in Egypt: a VAR approach

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F21%3A63529598" target="_blank" >RIV/70883521:28120/21:63529598 - isvavai.cz</a>
Result on the web
<a href="https://www.shs-conferences.org/articles/shsconf/abs/2021/18/shsconf_m3e22021_06009/shsconf_m3e22021_06009.html" target="_blank" >https://www.shs-conferences.org/articles/shsconf/abs/2021/18/shsconf_m3e22021_06009/shsconf_m3e22021_06009.html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1051/shsconf/202110706009" target="_blank" >10.1051/shsconf/202110706009</a>

Result language
angličtina
Original language name
The impact of inflation on the unemployment rate in Egypt: a VAR approach
Original language description
Unemployment and inflation are among the most critical phenomena facing both developed and developing countries due to their harmful social, economic, and political effects. The Egyptian monetary policy’s main objective is to maintain a low inflation rate in the medium run to keep the confidence and a high rate of investment and economic growth. At the same time, economists argue that targeting a low-rate of inflation may increase unemployment. Although the classical Philips curve indicates a trade-off between inflation and unemployment, several empirical studies have argued that the relationship between inflation and unemployment depends on the shocks’ source and lagged responses. The main objective of this paper is to examine the relationship between inflation and Egypt’s unemployment rate. We used time-series data from 1980 to 2019, where a vector autoregressive (VAR) model and the Impulse response function tool (IRF) were employed. The results show that inflation has a positive relationship with GDP while negatively affecting the unemployment rate.
Czech name
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Czech description
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Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference Proceedings 9th International Conference on Monitoring, Modeling &amp; Management of Emergent Economy
ISBN
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ISSN
2261-2424
e-ISSN
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Number of pages
5
Pages from-to
1-5
Publisher name
SHS Web of Conferences
Place of publication
Odessa
Event location
Odessa
Event date
May 26, 2021
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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