We analyze the implications of the time inconsistency problem for the Turkish monetary policy in the last two decades. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we show that the time inconsistency problem can explain...

We analyze the implications of the time inconsistency problem for the Turkish monetary policy in the last two decades. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we show that the time inconsistency problem can explain...

This paper examines cause-specific labor force non-participation among women living in three impoverished communities on the outskirts of Beirut, Lebanon. It uses an expanded labor force utilization framework, separating the socially discouraged from other labor nonparticipants. This study is...

In this paper we explore the dynamics of labor market adjustment in Morocco with a particular emphasis on the role of trade liberalization. We utilize the methodology of Davis and Haltiwanger (1990) which enables us to distinguish between job creation, job destruction, overall levels of...

This paper theoretically investigates the optimal monetary policy regime for post-war Iraq. We analyze the macroeconomic dynamics (inflation, output and exchange rate) and the credibility and reputation of the Central Bank of Iraq (CBI) under alternative monetary policy regimes. We construct a...

This paper studies the evolution of total and regional poverty in Tunisia using the Growth Incidence Curve (GIC) approach based on individual consumption and education level from the household consumption surveys and other official publications during the period 1990-1995. Three main results are...

This paper presents a comparative study of private returns to schooling in Egypt, Iran, and Turkey using similar survey data and a uniform methodology. We employ three surveys for each country that span nearly two decades, ranging from 1987 to 2006. Our aim is to learn from survey data about the...

The goal of this paper is to understand the effect of macroeconomic conditions on performance in Turkish banking. Turkey has experienced a series of financial distresses in the past three decades. This has served as a “negative externality” on banking performance despite important...

The purpose of the paper is to produce new empirical evidence regarding the determinants of R&D investment by Tunisian firms, through introducing the relationship between R&D expenditures and innovation effort of firms. We suppose that factors explaining in-house R&D are not the same according...