Mr Mubarak specifically spoke of advancing the process, started last year, that allows for direct, multi-candidate presidential elections, by altering a rule whereby parties must control 5% of parliamentary seats in order to present a candidate for president.

ECONOMIST: Egypt

Various rules have been proposed, including a price-level rule (zero inflation), an inflation target rule (2 percent inflation), a nominal GDP target, and a Taylor rule designed to control the growth of nominal income by controlling the monetary base.

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