Cover -- Contents -- Preface -- Acknowledgments -- Chapter 1: Introduction -- Addressing the Challenge -- Conclusion -- Appendix 1A -- Chapter 2: Growth, Productivity, and Income -- Identifying the Comparators -- Relative International Performance -- Domestic Growth over Time -- Investment and...

"Compared to other regions of the world, the Middle East was once unique in its combination of authoritarianism and stultifying stability: No longer. Beginning in Tunisia, a wave of political upheaval has rolled across the region, reaching Egypt, Bahrain, Libya, and other countries caught...

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This paper explores the implications of the European single currency within a simple sticky price intertemporal model. The main issue we focus on is how the euro may alter the responsiveness of consumer prices to exchange rate changes. Our central conjectures is that the acceptance of the euro...