Exchange rate pass-through in Tunisia: evidence from a time varying parameter model

Samir Ben Ali and Jardak Tarek
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Jardak Tarek: Central Bank of Tunisia, Tunisia

Journal of Developing Areas, 2014, vol. 48, issue 1, 145-164

Abstract: This paper highlights the exchange rate pass-through dynamics in Tunisia using a time-varying parameters model. The results show that contrary to what has been generally observed in emerging and transitional economies, pass-through has been increasing steadily during the last decade. This acceleration is due to the implemented exchange rate policy, the absence of credible nominal anchor for monetary policy and the efforts made to reduce subsidies on administered products. Classification-JEL : E31, E52, F31.

Keywords: Exchange rates pass-through; inflation; state-space model; Kalman filter. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jda:journl:vol.48:year:2014:issue1:pp:145-164

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