Hirata, Hideaki; Kim, Sunghyun Henry; Kose, M. Ayhan - In: Emerging Markets Finance and Trade 43 (2007) 1, pp. 5-34
We analyze the sources of macroeconomic fluctuations in the emerging countries in the Middle East and North Africa (MENA) region using a dynamic stochastic general equilibrium model. The model economy captures some important structural characteristics of the MENA countries and can replicate the...