Economic Research Forum (ERF)

Thibault Lemaire

Author

Thibault Lemaire
PhD Candidate in Economics, Université Paris 1 Panthéon – Sorbonne

Thibault Lemaire is a PhD candidate in economics within the Sustainable Development Economics group at Université Paris 1 Panthéon – Sorbonne and works at Banque de France. His dissertation analyses the consequences of climate change for the conduct of monetary, exchange rate and macroprudential policies in developing countries. His research also focuses on informal labour and monetary and fiscal policy in developing countries. He holds a BSc in Economics from Toulouse School of Economics and a Master’s in development economics from Université Paris 1 Panthéon – Sorbonne.

Content by this Author

Civil conflicts and exchange rate misalignment

Civil conflicts can have devastating effects on a country’s population, physical capital and real sector. This column summarises new research that assesses the effect of civil conflicts on misalignment of the real exchange rate and concludes that the monetary and financial sectors are also affected by civil conflicts. The resulting currency overvaluation, in real terms, has strong implications for the post-conflict transition.

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Labour demand and informal employment in Egypt’s manufacturing sector

Egypt’s manufacturing sector faces a dual challenge of weak job creation and persistent informality. Drawing on survey evidence on business behaviour and labour market dynamics, this column explains why job creation is limited and informal work remains such an integral part of how firms organise production. The generation of more formal jobs requires a comprehensive policy approach, one that goes beyond enforcement of labour regulations to reshape the economic environment in which firms and workers make decisions.

Challenges of conflict and industrial policy for development

How effective is industrial policy as a tool for long-term economic growth and development? Against the backdrop of the conflict currently engulfing the Middle East, North Africa, Afghanistan and Pakistan (MENAAP), a new report argues that while industrial policies are widely used across the region, they can only address market failures and foster growth when they are aligned with country capabilities, implemented with accountability and backed by capable institutions.

The green transition in MENA economies: challenges and policy pathways

The economies of the Middle East and North Africa are at a critical turning point. Global decarbonisation pressures, energy market volatility and technological transformation are increasingly challenging hydrocarbon-based growth models. This column argues that the green transition is not only an environmental necessity but also a strategic economic imperative.

Beyond job creation: how can Egypt’s gender gap in work be closed?

More than 2 million jobs are needed each year to absorb new entrants into Egypt’s labour market and raise the country’s employment rate. The job challenge is even more acute for women, whose labour force participation remains low despite recent gains in education. This column reports on the second Development Dialogue, an ERF–World Bank Group joint initiative, which brought together students, scholars, policy-makers and private sector leaders at the American University in Cairo to consider how the country’s gender gap in work can be closed.




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