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Journal of Empirical Studies

March 2014, Volume 1, 1, pp 30-37

Taylor Rule in The Context of Inflation Targeting: The Case of Tunisia

Kaouther Amiri


Besma Talbi

Kaouther Amiri 1
Besma Talbi 2

  1. El Manar University, Tunisia 1

  2. Polytechnic School, Tunisia 2


The aim of this paper is to determine the optimal Taylor-type rule and the appropriate variables for the Tunisian economy in its conduct of the economic policy. Our starting point is the traditional Taylor rule. The results of the estimation of the reaction function in its static version confirm the hypothesis that Tunisia has been leading an efficient policy to control its inflation. Based on Akaike and Schwarz criteria, the results indicate that the static model better represents the reaction function of the Reserve Bank of Tunisia.
Contribution/ Originality



  1. Debelle, G., 1997. Inflation targeting in practice. IMF WP/97/53 Washington DC.
  2. Hergli, M. and M. Belhaeth, 1993. Liberation financiere dans les PVD: Quelques propos liminaires sur la necessaire reformulation de ses bases conventionnelles. Mondes En Developpement, Tome 21, No. 84.
  3. Hergli, M. and M. Belhaeth, 1995. Liberation financiere et nouvelle regulation monetaire: Quelques propos sur le cas Tunisien. Mondes En Developpement, Tome 23, No. 89/90.
  4. Mishkin, F., 2001. Issues in inflation targeting, in price stability and the long-run target for monetary policy. Ottawa, Canada: Bank of Canada.


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( 340 ) Does Agricultural Sector Contribute to the Economic Growth in Case of Republic of Benin?
( 341 ) Determinants of Public Sector Corruption in Nigeria
( 342 ) Exchange Rate and Foreign Reserves Interface: Empirical Evidence from Nigeria
( 343 ) Impact of Participatory Decision Making on Organisational Goal Attainment
( 344 ) Conceptualisation of Lack of Discipline and Probity as the Main Cause towards Good Governance Practice
( 345 ) Forecasting Prices of Three Important Agricultural Crops in Bangladesh
( 346 ) Uncertainties in Global Economic Policy and Nigerias Export Earnings
( 347 ) Service Quality and Outpatients Satisfaction in Public Hospitals in Malaysia
( 348 ) Satisfaction with Applications Fuels the Growth of Mobile Wallet Use in Thailand
( 349 ) Public Health Expenditure, Economic Growth and Health Outcomes in Nigeria
( 350 ) Health Care Outcomes, Malnutrition and Food Security in Southern Africa Development Community: A Quantile Regression Approach
( 351 ) External Debt and Economic Growth: Two-Step System GMM Evidence for Sub-Saharan Africa Countries
( 352 ) Decision-Making on Working Capital Management, Based on Industry Differences
( 353 ) Investigate Airport Service Quality- A Case Study of Airports in Shanghai
( 354 ) An Entrepreneurship Research in Singapore: Basic Psychological Needs and Motivation
( 355 ) The Impact of Organisational Culture on Public Sector Performance: A Case Study of Local Authorities in Zimbabwe
( 356 ) Sectoral Credit Allocation of Deposit Money Banks and Poverty Reduction in Nigeria
( 357 ) The Roles of Labour Union in Nigeria Industrial Harmony and Development
( 358 ) Foreign Direct Investment in Zimbabwe: The Role of Uncertainty, Exports, Cost of Capital, Corruption and Market Size
( 359 ) Profitability of Commercial Bank on Interest Rate Deregulation
( 360 ) Gamification on Sales Force Performance in Nigeria Bottling Company
( 361 ) Foreign Direct Investment - Growth Linkage in Sub-Saharan Africa: Is Governance a Mediating Factor?
( 362 ) An Empirical Assessment of the Impact of Access to Credit on Farm Output: A Case Study of Sefwi-Wiawso Municipality Ghana
( 363 ) Factors that Influence Profitability of General Insurance Issuers in Indonesia
( 364 ) An Investigation of the Impact of Organisational Structure on Organisational Performance
( 365 ) Impact of Exchange Rate Fluctuation on Selected Economic Sectors of the Nigerian Economy
( 366 ) Dutch Disease: Myth or Reality? An Analysis of the ARDL Model
( 367 ) Determinants of Banks Profitability & Liquidity and the Role of BASEL III in Islamic & Conventional Banking Sector of Pakistan: A Case Study of NBP
( 368 ) Impact of Asymmetric Government Spending on Real Balances Demand
( 369 ) Factors Influencing Human Capital in Ready Made Garments Industry in Bangladesh
( 370 ) Investigating the Impact of Business Alignment on Job Gratification in an Organization: The Case of a University in Egypt
( 371 ) External Debt and Nigeria's Sovereignty
( 372 ) The Colonialists & Indigenous Exchange Currency: Tracing the Genesis of Socioeconomic Woes in Postcolonial Nigeria
( 373 ) Migration as a Livelihood Strategy: The Case of Internal Migration in Ghana
( 375 ) Profitability Behavior of Plastic Industries in Indonesia
( 376 ) An Empirical Evaluation of Cashless Systems Implementation in Ghana
( 377 ) Correlation between Financial Difficulties and Financing Strategies among Market Stallholders in Batangas City
( 378 ) Africa's Human Capital Development: Is Public Finance Management an Effective Strategy?
( 379 ) Analysis of the Effects of Pull and Push Factors on Brain Drain: An Example of Turkey
( 380 ) Analysis of Environmental Factors Affecting Manufacturing Small and Medium-Size Enterprises in Kogi State Nigeria
( 381 ) Regime Changes in the Volatility of Stock Markets
( 382 ) The Transitional Relationship between Economic Growth and Exchange Rate in Ghana: An Empirical Approach
( 383 ) Optimal Stock Portfolio Issuers of Building Construction Registered in LQ45 Based on the Markowitz Approach
( 384 ) Estimating the Economic Determinants of Technical Efficiency of Bioenergy in EU-28: An Application of Tobit Analysis
( 385 ) The Impact of Military Spending on Economic Wellbeing in Nigeria
( 386 ) Does Social Barriers Influence Women's Intention toward Entrepreneurship?
( 387 ) The Effect of Selected Factors on Tax Revenue Mobilization in Ethiopia: The Case of Amhara Region