Requirements for Using Interest Rates As An Operating Target for Monetary Policy: The Case of Tunisia

Author/Editor:

Alain Durré ; Bernard J Laurens ; Alexandre Chailloux

Publication Date:

July 1, 2009

Electronic Access:

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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. 2009/149

Subject:

Banking Exchange rates Financial markets Foreign exchange Inflation Monetary base Monetary policy Monetary policy instruments Money Money markets Prices

English

Publication Date:

July 1, 2009

ISBN/ISSN:

9781451872965/1018-5941

Stock No:

WPIEA2009149

Pages:

45

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