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| Srl | Item |
| 1 |
ID:
104231
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| Publication |
2011.
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| Summary/Abstract |
After Tunisian President Ben Ali fled his country, Hosni Mubarak, Egypt's modern 'pharaoh' and ruler for 30 years, was toppled in just 18 days by a wave of popular protest. There are diverse reasons for his fall. These include economic problems caused by high population growth, high unemployment, and high inflation; social problems caused by the excessive gap between rich and poor; unfair distribution of social wealth; and political problems caused by Mubarak clinging to the presidency and his intention to hand over power to his own son. When the Tunisian revolution occurred, these were the reasons that triggered Mubarak's collapse. However, because Egypt is a regional power, the impacts of its own revolution far exceed those of Tunisia and will inevitably affect not just the region but also US strategy in the Middle East.
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| 2 |
ID:
110114
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| Publication |
2012.
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| Summary/Abstract |
A trend setter in Asia up to the sixties, economic management in Pakistan has steadily
deteriorated to the point where the economy has, for the past few decades, lurched
from one financial crisis to the next. At the heart of the problem has been the poor
management of public finances and deep-seated unresolved structural issues in the
economy that bad management and poor governance has exacerbated. The consequences of this secular decline in economic governance are plain to see: macroeconomic instability, high inflation, poor public services, criminal neglect of the social sectors, widespread corruption, crippling power outages, growing unemployment, deepening poverty and a deteriorating debt profile.
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| 3 |
ID:
125064
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| Publication |
2013.
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| Summary/Abstract |
China's astonishing economic growth implies a necessity to understand its inflation. The present paper employs threshold nonrecursive structural vector autoregression analysis to explore the asymmetric effects of macro-variables on inflation in low and high inflation regimes. The empirical evidence demonstrates, first, that the reactions of inflation to various shocks are inflation-regime-dependent and asymmetric. Second, monetary policy influences China's high inflation and adjusting the domestic interest rate in China may be an effective way to control inflation in a high inflation regime, but not in a low inflation regime. In a high inflation regime, a high inflation rate may cause the macro-policy authorities to increase the domestic interest rate, in an attempt to stabilize high inflation. Third, contrary to expectations, the world oil price is not a strong cost-push factor in a low inflation regime. Oil price increases may increase inflation in a high inflation regime, but there is no such obvious effect in a low inflation regime. Finally, China's nominal effective exchange rate influences inflation in both low and high inflation regimes. A nominal effective exchange rate appreciation might be effective in controlling domestic inflation in both regimes.
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