BAYESIAN STRUCTURAL VAR APPROCH TO TUNISIAN MONETARY POLICY FARMEWORK

Sami Mestiri and Abdeljelil Farhat ()
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Abdeljelil Farhat: University of Monastir, FSEG Mahdia

Journal of Smart Economic Growth, 2021, vol. 6, issue 2, 67-77

Abstract: Purpose - In this paper we try identify the major shock monetary policy shocks in Tunisia over the 1997-2015 and provide information concerning the evolution of the economy response to these shocks. Methodology - we use the Bayesian Structural VAR framework. Findings- Compared with previous studies of this country, the main finding is the statistically significant effect of interest rate on the variables of the real economy Conclusion- The article shows also that Bayesian Structural VAR model can explains the 2011 recession.

Keywords: Bayesian analysis; Structural Vector Autoregression; Monetary Policy; Tunisia. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:seg:012016:v:6:y:2021:i:2:p:67-77

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