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Taylor rule in practice: Evidence from Tunisia

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  • Chaouech, Olfa

Abstract

This paper estimates the Taylor rule under the statistical version, then the dynamic version of the Central bank of Tunisia (CBT), using monthly data from 1995 M1 to 2015 M12. The empirical results indicate that the CBT follows the Taylor rule in its dynamic version.

Suggested Citation

  • Chaouech, Olfa, 2015. "Taylor rule in practice: Evidence from Tunisia," MPRA Paper 74628, University Library of Munich, Germany, revised 16 Oct 2016.
    • Handle: RePEc:pra:mprapa:74628
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    More about this item

    Keywords

    GMM Monetay Policy Taylor rule Reaction function;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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