Using narrative-based country-case studies, war episodes in the Middle East were examined to assess their economic impact on conflict and neighboring economies. The paper found that conflicts led to a contraction in growth, higher inflation, large fiscal and current account deficits, loss of...

This paper examines monetary transmission in Jordan using the vector autoregressive approach. We find that the real 3-month CD rate, the Central Bank's operating target, affects bank retail rates and that monetary policy, measured by the spread between the 3-month CD rate and the U.S. Federal...

In the growth literature, evidence on income convergence is mixed. In the development literature, health and education indicators are also often used. This study examines whether health and education levels are converging across countries and calculates their convergence speed, using data from...

Intro -- Contents -- I. INTRODUCTION -- II. CHANNELS OF MONETARY TRANSMISSION -- III. CONDUCT OF MONETARY POLICY IN JORDAN -- IV. EVIDENCE FROM VARS -- V. CONCLUSIONS AND POLICY IMPLICATIONS -- IMPULSE RESPONSES -- GRANGER CAUSALITY TESTS SUMMARY -- REFERENCES.