Egypt's Monetary Policy Revolution: Taylor Rule Analysis Unveils Economic Stability
The article examines if using the Taylor rule is a good way to manage monetary policy in Egypt. It looks at the theory behind using an interest rate rule and how the Taylor rule can be applied in practice. The researchers analyzed data from Egypt and other countries like the USA, UK, and Chile to estimate and evaluate the Taylor rule. The findings suggest that the Taylor rule can be a useful tool for guiding monetary policy decisions in Egypt.