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Annual Central Bank Conference on Development Economics in the Middle East and North Africa

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  • The Regional Research Network (RRN) of Central Banks of the Middle East and North Africa (MENA) was launched in 2021 at the initiative of the World Bank’s Office of the Chief Economist for MENA. The three core objectives of the RRN are to increase the influence of scholarly research in decision-making; to promote economic and policy dialogue on the development challenges and opportunities faced by the economies of MENA; and to facilitate the exchange of experiences among the global academic community and Central Banks to help strengthen their research capabilities.

    The Heads of research departments and/or Chief Economists of the Central Banks of Algeria, Bahrain, Djibouti, the Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, the United Arab Emirates, and West Bank and Gaza make up the Steering Committee of the RRN, which is chaired by the Chief Economist for MENA of the World Bank.

    The RRN conference seeks to bring together academics, policy makers, and development practitioners to present and discuss recent scholarly work on economic and policy issues that are pressing for the region. The first RRN conference (at the end of 2021) explored the challenges for macroeconomic policy in uncertain times. The second conference (in early 2023) focused on inflation dynamics. The third edition of the RRN conference will explore the nexus between labor markets and structural transformation. The conference will be held in hybrid format in Rabat, Morocco on September 14-15, 2023. For more information on how to submit a paper, visit the call for papers.

     

  • Call for Papers -- 3rd Annual Conference of the Regional Research Network (RRN) of Central Banks of MENA

    Labor Markets and Structural Transformation

    Submission deadline:May 21, 2023
    Submission email:menarrn@worldbank.org
    Notification of acceptance:June 22, 2023
    Conference dates:September 14-15, 2023
    Keynote speakers:Esther Duflo (Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Massachusetts Institute of Technology), Chang-Tai Hsieh (Phyllis and Irwin Winkelried Professor of Economics, The University of Chicago Booth School of Business), Seema Jayachandran (Professor of Economics and Public Affairs, Princeton University), and Rachel Ngai (Associate Professor of Economics, The London School of Economics and Political Science)
    Conference location:Rabat, Morocco
    Organizers:Hosted by Bank Al-Maghrib (Central Bank of Morocco) and co-sponsored by the World Bank’s Office of the Chief Economist of the Middle East and North Africa, on behalf of the Regional Research Network of Central Banks of the Middle East and North Africa


    Overview

    The Regional Research Network (RRN) of Central Banks of the Middle East and North Africa (MENA) was launched in 2021 with the support of the World Bank’s Office of the Chief Economist of MENA. The RRN seeks to facilitate the diffusion in MENA of ideas and scholarly research in economics and to promote evidence-based policy dialogue on the development challenges and opportunities faced by the region. The RRN Annual Conference is organized by the Heads of research departments and/or Chief Economists of MENA Central Banks, together with the Chief Economist Office of MENA of the World Bank.

    The third edition of the conference will explore recent research on labor markets and structural transformation. The process of long-term growth tends to involve changes in the structure of economies. As GDP per capita increases, workers usually transition from low-productivity, low-earnings activities into higher-productivity, higher-earnings activities: from agriculture into manufacturing or services; from rural into urban areas; and from self-employment and informal wage-work into large, formal firms. This transformation also features changes in the allocation of time between home production and market production, with effects on the economic role of women and their participation in the labor force. Despite some pre-pandemic gains, labor markets in MENA still face significant challenges: a preponderance of informal work, a high share of inactive youth (not engaged in employment, education, or training), large gaps in economic opportunities for women, fragmented social protection systems, and an underdeveloped private sector. The organizing committee of the 3rd RRN conference invites submissions of high-quality papers (with the potential for publication in peer-reviewed journals) that seek to understand how labor market challenges shape the long-run process of structural transformation. Relevant questions include, but are not limited to, the following:

    • How do distortions, barriers, and other constraints to the reallocation of labor across sectors or across occupations affect the process of structural transformation?

    • What is the role of micro, small, and medium enterprises, and the structure of the private sector in general, in shaping labor market dynamics and the development transformation process?

    • How does international trade and regional cooperation and integration shape labor market structural transitions?

    • What are the effects of digitalization and the automation of production on the speed of labor market transitions and the process of structural transformation?

    • What are the short- and long-run effects of migration, both domestic and international, on economic transformation?

    • How do shocks, such as the COVID-19 pandemic or climate-related disasters, affect labor market structural transitions?

    • As economies grow, their structure as well as their level of diversification across products and industries change. What are the implications of this diversification on economic development, including macroeconomic volatility?

    Empirical and theoretical contributions analyzing these and related topics are welcome. A focus on countries in MENA is welcome but not required, provided that the paper is relevant to the economic and policy debate in the MENA region.

    Speakers

    Esther Duflo (Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Massachusetts Institute of Technology), Chang-Tai Hsieh (Phyllis and Irwin Winkelried Professor of Economics, The University of Chicago Booth School of Business), Seema Jayachandran (Professor of Economics and Public Affairs, Princeton University), and Rachel Ngai (Associate Professor of Economics, The London School of Economics and Political Science) will offer keynote addresses at the 3rd edition of the RRN conference. 

    Submissions

    The deadline for submissions is May 14, 2023 (before midnight Washington, DC time). Interested authors should send their papers to menarrn@worldbank.org. The e-mail should contain i) the name, title, and affiliated organization/institution of the main author and potential presenter, ii) the names of the co-authors, iii) an abstract of the paper and iv) the full paper as an attachment. Please use [Paper submission to the 3rd RRN Conference] in the subject line. Authors of accepted papers will be notified by email on June 9, 2023.

    The conference will be held in hybrid format in Rabat, Morocco on September 14-15, 2023. Please note that in-person presentation of the accepted papers is strongly preferred. Travel and accommodation costs for the presenter of each accepted contribution will be covered. Details on travel logistics and accommodation will be circulated after the notification of acceptance.

    Questions?

    Questions or comments about the submission of papers should be addressed to menarrn@worldbank.org. For more information on the RRN, including the agenda of the 1st and the 2nd conferences, please visit the RRN website.

     

  • 2nd Annual Central Bank Conference on Development Economics in the Middle East and North Africa

    The theme of the 2nd Annual Central Bank Conference on Development Economics in the Middle East and North Africa was “Inflation Dynamics During Uncertain Times: The Path Toward Stable and Sustainable Recovery.”

    The conference was hosted by the Central Bank of Saudi Arabia in Riyadh on January 31st and February 1st, 2023 (in hybrid mode). The conference featured 18 research papers, grouped in the following themes: Domestic and External Drivers of Inflation in MENA (two sessions); the Role of the Dollar and U.S Interest Rates; Macroeconomic Management in Open Economies; and the Role of Supply Chains.  

    A panel discussion between Indermit Gill (Senior Vice President and Chief Economist, World Bank) and Raghuram Rajan (Professor of Finance, University of Chicago, Booth School of Business, and Former Central Bank Governor, India) closed the second day of the conference.

    Selected Research Papers

    Agenda 

    Speaker Bios

    PowerPoint Presentations

    Video of Day 1 of the conference

    Video of Day 2 of the conference

  • 1st Annual Central Bank Conference on Development Economics in the Middle East and North Africa

    The theme of the 1st Annual Central Bank Conference on Development Economics in the Middle East and North Africa was “Macroeconomic Policy: Innovation and Challenges during Uncertain Times.”

    The conference was hosted by the Central Bank of Tunisia and was held fully online on December 1 – 2, 2021. The conference featured 18 papers grouped in three pairs of parallel sessions grouped in the following themes: Macro Modelling in the COVID era; Finance and Macroeconomics; Crisis Impact on the Banking Sector; Macroeconomics of Calamities; Managing Business Cycles; and Financial Risks in MENA and Policy Implications from Banking Sector.

    The keynote speaker was Carmen Reinhart, Professor of the International Financial System at Harvard Kennedy School, former Vice President and Chief Economist of the World Bank Group). The conference included a session on Central Bank Digital Currency (CBDC) with John Kiff, Research Director at SODA (Sovereign Official Digital Association), Head of CBDC/Digital Capital Markets Advisory at Satoshi Capital Advisers, and Advisor to WhisperCash, formerly of the IMF and the Central Bank of Canada) and Maria Soledad Martinez Peria, Chief of the Macro-Financial Division of the Research Department of the International Monetary Fund. The closing panel of MENA Central Bank Governors was moderated by Ferid Belhaj (World Bank Vice President for MENA).

    Presentations

    Agenda

    Speaker Bios

     

Details

  • Organized by: Regional Research Network (RRN) of Central Banks in the MENA region and the World Bank MENA Chief Economist Office