Roundtable Discussions

Reflections on Some Recent Changes in Egyptian Monetary Policy

Date : 7/17/2007

Speakers : Tarek Moursi, Cairo University and IDSC

The roundtable discussion addressed the following issues:1. The role of interest rate and bank reserves in monetary policy. 2. The effect of monetary policy shocks on real output. 3. Measuring the monetary policy stance.4. The effect of alternative monetary policy rules on output, inflation and interest rate variability.