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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Conference Proceedings 9th International Conference on Monitoring, Modeling &amp;amp; Management of Emergent Economy

ISBN

—

ISSN

2261-2424

e-ISSN

—

Počet stran výsledku

5

Strana od-do

1-5

Název nakladatele

SHS Web of Conferences

Místo vydání

Odessa

Místo konání akce

Odessa

Datum konání akce

26. 5. 2021

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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