THE INTERACTION BETWEEN MONETARY POLICY AND MACROPRUDENTIAL TOOLS: EMPIRICAL EVIDENCE OF THE SOUTHERN MEDITERRANEAN COUNTRIES

Saoussen Ouhibi and Sami Hammami
Additional contact information
Saoussen Ouhibi: University of sfax, Tunisia
Sami Hammami: University of sfax, Tunisia

Bulletin of Business and Economics (BBE), 2021, vol. 10, issue 2, 51-66

Abstract: In this paper, we analyze the interactions between monetary policy and macroprudential tools in the southern Mediterranean over the period 2000-2017. This research examines the relationship between monetary policy and macroprudential tools using a structural vector Auto-regressive model (SVAR). Our empirical results show that macroprudential tools should be used only as a complement to monetary policy to achieve financial stability but cannot be a substitute to achieve price stability.

Keywords: monetary policy; macro prudential tools; interaction; SVAR (search for similar items in EconPapers)
JEL-codes: E12 E42 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://bbejournal.com/index.php/BBE/article/view/109/62 (application/pdf)
https://bbejournal.com/index.php/BBE/article/view/109 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:10:y:2021:i:2:p:51-66

Access Statistics for this article

Bulletin of Business and Economics (BBE) is currently edited by Dr. Muhammad Irfan Chani

More articles in Bulletin of Business and Economics (BBE) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().