You searched for - Economic Research Forum (ERF)

Search results for:


Publications
Working Papers

Exchange Rate and Domestic Prices in The GCC Countries

Mohamed Abdul Hafez Ghars El-Din and Yousuf Hasan Jawad Mohammad

This research aims at studying the effect of changes in the exchange rate on domestic prices in the GCC countries. The methodology is based on specifying and estimating domestic price ... read more


Publications
Working Papers

Initial and Aftermarket Performance of Egyptian Share Issue Privatization

Mohammed Omran

The phenomenon of under pricing initial public offerings is documented for 53 Egyptian share issue privatizations (SIPs) between 1994 and 1998. In the long run, I find mixed results. SIPs ... read more


Publications
Working Papers

Household Demand in Turkey: An Application of Almost Ideal Demand System with Spatial Cost Index

Savas Alpay and Ali Koç

A common difficulty in estimating demand functions for developing countries is the lack of time series data. With the available cross-sectional data resulting from extensive surveys on households, most researchers ... read more


Publications
Working Papers

TFP and Economic Potential of The Tunisian Economy

Sofiane Ghali and Pierre Mohnen

In this paper we try to measure and to explain total factor productivity (TFP) growth in Tunisia over the period 1983-1996. We do not measure TFP growth by the conventional ... read more


Publications
Working Papers

Before The Fall Was The Turkish Lira Overvalued?

Irfan Civcir

This paper examines validity of purchasing power parity to evaluate whether the Turkish Lira was overvalued on the eve of 2001 crises. Univariate and multivariate time series techniques are used ... read more


Publications
Policy Perspectives

The US Shale Oil Revolution Requires Major Reforms in the Macroeconomic Policy Frameworks and Institutions in the MENA Region

Kamiar Mohaddes and Mehdi Raissi

The shale oil revolution in the United States, contributing to lower global oil prices, has important macroeconomic implications for the Middle East and North Africa (MENA) region. In response to ... read more


Blog & News

Publications
Working Papers

The Political Economy of Fiscal Institutions and Macroeconomic Management in Sudan

Kabbashi Suliman

The literature on distributive politics indicates that many low-income countries are saddled with extractive institutions that not only contribute to politically biased fiscal outcomes, but tend to undermine long-run real ... read more


Publications
Working Papers

Asymmetric Growth Impact of Fiscal Policy: A Post-Shock Policy Scenario for Egypt

Hany Abdel-Latif and Tapas Mishra

This paper empirically explores how fiscal policy represented by acceleration in government spending exerts asymmetric effects on economic growth in the context of a developing country, Egypt in particular. By ... read more


Publications
Working Papers

The Political Economy of Macroeconomic Policy in Arab Resource-Rich Economies

Adeel Malik

Revisiting macroeconomic policies and outcomes of Arab resource-rich economies (RREs), this paper synthesizes the political economy considerations that underpin policy choices. The paper argues that, in the context of Arab ... read more


Publications
Working Papers

Demographic Changes and Fiscal Policy in MENA Countries

Mehmet Serkan Tosun

In this study, I examine the links between demographic change and fiscal policy in MENA countries, focusing specifically on the economic impacts coming from the conflict between social security and ... read more


Publications
Working Papers

On the Linkage Between Monetary Policy and MENA Stock Markets

Samy Bennaceur, Adel Boughrara and Samir Ghazouani

Abstract Using a sample of eight MENA region countries this study tries to understand whether there is an interaction between asset markets and monetary policy. The nature of the relationship between asset price ... read more


Publications
Working Papers

Credibility of Inflation Targeting in Morocco and Tunisia

Mongi Boughzala, Adel Boughrara and Hassouna Moussa

Abstract Can the Moroccan and the Tunisian financial systems withstand the consequences of adopting IT, and is IT the appropriate monetary policy for them? There are many crucial requirements for the success of ... read more


Publications
Working Papers

Are the Conditions for the Adoption of IT Satisfied in Morocco?

Adel Boughrara, Mongi Boughzala and Hassouna Moussa

Abstract The objective of this paper is to explore the feasibility and efficiency of inflation targeting as a new monetary strategy in Morocco. Inflation targeting (IT) is a strategy that aims primarily ... read more


Publications
Working Papers

Inflation Targeting in Turkey

Hasan Ersel and Fatih Ozatay

Abstract In the aftermath of the 2000-2001crisis the banking sector in Turkey was in turbulence requiring immediate action. The rescue operation sky-rocketed the public debt-to-gross domestic product ratio. The fiscal dominance caused by ... read more


Publications
Working Papers

Expansionary Fiscal Consolidations: New Evidence from Turkey

Fatih Ozatay

Abstract After the February 2001 crisis, Turkey started to implement a new economic program. One of its aims was to reduce public debt that had jumped to a record high level. The ... read more