Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks

Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks

The purpose of this paper is to evaluate the behavior of monetary authorities in Tunisia and Egypt, in response to changes in macroeconomic variables over time based on LSTR model. In this sense, we estimate Taylor-type equations for short-term interest rate in Tunisia and Egypt using quarterly data...

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Bibliographic Details
Main Authors: Yosra Baaziz, Moez Labidi
Format: Article
Language:English
Published: MDPI AG 2016-04-01
Series:Economies
Subjects:
policy rule
central bank
exchange rate
Taylor rule
nonlinearity
Online Access:http://www.mdpi.com/2227-7099/4/2/6

Internet

http://www.mdpi.com/2227-7099/4/2/6

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