IS THE TUNISIAN CENTRAL BANK FOLLOWING A LINEAR OR A NONLINEAR AUGMENTED TAYLOR RULE?
نویسندگان
چکیده
منابع مشابه
Are Central Banks following a linear or nonlinear (augmented) Taylor rule?
The Taylor rule establishes a simple linear relation between the interest rate, inflation and output gap. However, this relation may not be so simple. To get a deeper understanding of central banks’ behaviour, this paper asks whether central banks are indeed following a linear Taylor rule or, instead, a nonlinear rule. At the same time, it also analyses whether that rule can be augmented with a...
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It is obvious that an optimal policy should consider main dimensions of the phenomenon that can affect the transmission mechanism of that policy. In an open economy, it is expected that variables of the foreign sector play important role in its economic behavior. Therefore, it needs that any optimal policy in an open economy to design in such a way which involves changes in the foreign sector. ...
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ژورنال
عنوان ژورنال: International Journal of Economics and Financial Issues
سال: 2020
ISSN: 2146-4138
DOI: 10.32479/ijefi.8975