Bayesian Structural VAR Approach to Tunisian Monetary Policy Framework

Sami Mestiri

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we use the Bayesian Structural VAR framework to identify the major shock monetary policy shocks in Tunisia over the 1997-2015 and to provide information concerning the evolution of the economy response to these shocks. 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. 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)
JEL-codes: C54 E52 E58 (search for similar items in EconPapers)
Date: 2019-04-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:91357

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