Tunisia: Selected Issues

Publication Date:

June 17, 2002

Electronic Access:

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Summary:

This Selected Issues paper for Tunisia presents a literary survey of the research on constant real exchange rate rule (CRERR). It assesses Tunisia’s experience with CRERR in terms of inflation performance and discusses possible reasons for Tunisia’s apparent success at avoiding the pitfalls of CRERR as predicted by the theoretical models. The paper presents a regression analysis estimating the equilibrium real exchange rate based on different fundamental variables and compares this with the path of the actual exchange rate. The paper also assesses Tunisia’s external competitiveness over the past decade using a range of indicators.

Series:

Country Report No. 2002/120

Subject:

English

Publication Date:

June 17, 2002

ISBN/ISSN:

9781451837834/1934-7685

Stock No:

1TUNEA0022002

Pages:

69

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