Requirements for Using Interest Rates as an Operating Target for Monetary Policy:The Case of Tunisia

Author/Editor: Chailloux, Alexandre ; Durré, Alain ; Laurens, Bernard
Publication Date: July 01, 2009
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary: This paper discusses the use of interest rates as the operating target for monetary policy in Tunisia and the roadmap for establishing the other building blocks of an inflation targeting framework. It argues that strengthening the effectiveness of the current monetary policy framework will facilitate the adoption of inflation targeting over time.
Series: Working Paper No. 09/149
Subject(s): Economic models | Economic reforms | Financial sector | Inflation targeting | Interest rates | Liquidity management | Monetary operations | Monetary policy | Money markets | Tunisia

Author's Keyword(s): Monetary policy | monetary operations | monetary frameworks
Publication Date: July 01, 2009
Format: Paper
Stock No: WPIEA2009149 Pages: 45
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