Tunisia: Selected Issues

Author: International Monetary Fund

This Selected Issues paper for Tunisia presents a literary survey of the research on constant real exchange rate rule (CRERR). It assesses Tunisia's experience with CRERR in terms of inflation performance and discusses possible reasons for Tunisia's apparent success at avoiding the pitfalls of CRERR as predicted by the theoretical models. The paper presents a regression analysis estimating the equilibrium real exchange rate based on different fundamental variables and compares this with the path of the actual exchange rate. The paper also assesses Tunisia's external competitiveness over the past decade using a range of indicators.

Volume/Issue: Volume 2002 Issue 120

Publication date: June 2002

ISBN: 9781451837834

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	Paperback	PDF	ePub	Mobi
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Inflation , Money and Monetary Policy , ISCR , CR , exchange rate , Tunisia , price , goods , nominal exchange rate , rate depreciation , equilibrium exchange rate , GDP deflator , liberalization of the capital account , excess demand , goods export , wage-price-exchange rate spiral , Real exchange rates , Real effective exchange rates , Exchange rates , Capital account liberalization , Inflation , Middle East , North Africa , Africa

Also of interest

Kenya: Seventh and Eighth Reviews Under the Extended Fund Facility and Extend...

Mexico: 2024 Article IV Consultation and Review Under the Flexible Credit Lin...

Republic of Congo : 2001 Article IV

Malawi

Summary

This Selected Issues paper for Tunisia presents a literary survey of the research on constant real exchange rate rule (CRERR). It assesses Tunisia’s experience with CRERR in terms of inflation performance and discusses possible reasons for Tunisia’s apparent success at avoiding the pitfalls of CRERR as predicted by the theoretical models. The paper presents a regression analysis estimating the equilibrium real exchange rate based on different fundamental variables and compares this with the path of the actual exchange rate. The paper also assesses Tunisia’s external competitiveness over the past decade using a range of indicators.