World Economy and Policy, 2024 (vol. 2024), issue 1
State capitalism and the role of the armed forces in Egypt. In the historical context, the current government and 2016-2023 IMF reforms
Kareem I. Abdallah, Martina Jiránková
World Economy and Policy 2024, 2024(1):1 
This article examines a specific form of state capitalism in Egypt under President Abdel Fattah el-Sisi, characterized by the central role of the military in economic affairs. Following the events of the 2011 Egyptian Revolution, the Egyptian military not only secured its position as a key political player, but also became an integral part of the nation's economic strategy. This role extends to various sectors, which has an impact on the dynamics of markets and private sector participation in them. This paper analyses the developments and implications of this specific military-led economic model, particularly in the historical context and the reforms...
Two-country DSGE Modelling of the Euro Area: A Systematic Literature Review
Patrik ©váb
World Economy and Policy 2024, 2024(1):2
This paper reviews the application of two-country Dynamic Stochastic General Equilibrium (DSGE) models in the case of the euro area. By employing a search strategy across Scopus and Web of Science databases, this review identifies "Key Papers" that develop, calibrate, or estimate DSGE models for the euro area and another European country as the second block. There is a particular focus on the gains and losses from the euro adoption to provide a benchmark for a potential future research on the case of the Czech Republic. Out of all the analysed papers, four deal with the welfare consequences of the euro adoption, out of which none concerns the Czech...