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Inflation followed a strikingly uniform pattern in all countries of the Middle East, North Africa, and Central Asia … variables are included. The pattern of inflation is explained mainly by past inflation, the strength of the US dollar, US … inflation, and—depending on the subset of countries analyzed—monetary and exchange rate policies and nonfuel commodity prices …
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Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the...
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This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using panel data for remittance-receiving countries in the Middle East, North Africa, and Central Asia,...
Persistent link: https://www.econbiz.de/10013101521
Countries of the Near East, North Africa, Europe and Central Asia region face a myriad of social, economic and political challenges that have stalled their structural and rural transformation processes.The region has the highest youth unemployment rates in the world. Weak education systems are...
Persistent link: https://www.econbiz.de/10012838051
We quantify the extent to which public-sector employment crowds out private-sector employment using specially assembled datasets for a large cross-section of developing and advanced countries, and discuss the implications for countries in the Middle East, North Africa, Caucasus and Central Asia....
Persistent link: https://www.econbiz.de/10013079880