Rebelo's two-sector endogenous growth model is embedded within a two-country international trade framework. The two countries bargain over a trade agreement that specifies: (i) The size of the foreign aid that the richer country gives to the poorer one; (ii) the terms of the international trade...

Intro -- Contents -- Preface -- Introduction: Central Bank Lessons from the Global Crisis -- I MONETARY POLICY IN VIEW OF THE CRISIS -- 1. Monetary Policy Frameworks after the Great Financial Crisis -- 2. The Role of Monetary Policy in Turkey during the Global Financial Crisis -- 3. An...

The coronavirus epidemic has instigated an economic crisis emanating from public health policies involving economic lockdown as well as behavioral reactions of workers and employers. The developed world has not seen such an extent of economic damage since at least the Second World War. We...