Although Egypt has made significant progress toward reviving economic growth, unemployment remains persistently high and a substantial rise in job opportunities is still needed to absorb the increasingly expanding labor force, with the challenge to absorb around 700,000 new entrants to the labor...

Purpose – The paper aims to examine the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Egypt and Turkey. Design/methodology/approach – Building on a theoretical model that decomposes movements in the exchange...

Purpose – The paper aims to examine the effects of exchange rate fluctuations on real output, the price level, and the real value of components of aggregate demand in Egypt and Turkey. Design/methodology/approach – Building on a theoretical model that decomposes movements in the exchange...