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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 static version, then the dynamic version of the Central bank of Tunisia (CBT), using monthly data from 2002:Q1 to 2014:Q12. The empirical results indicate that the CBT followed the Taylor rule in its dynamic version.

Suggested Citation

  • Chaouech, Olfa, 2015. "Taylor rule in practice : Evidence from tunisia," MPRA Paper 66771, University Library of Munich, Germany, revised 18 Sep 2015.
  • Handle: RePEc:pra:mprapa:66771
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    References listed on IDEAS

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    More about this item

    Keywords

    Tylor rule; GMM; Monetary policy; Reaction function;

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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