Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/61999 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorKhemiri, Rimen
dc.contributor.authorAli, Mohamed Sami Benen
dc.date.accessioned2012-08-22-
dc.date.accessioned2012-08-31T14:16:57Z-
dc.date.available2012-08-31T14:16:57Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/61999-
dc.description.abstractThis paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main regimes for inflation in Tunisia over this period: a low and stable inflation regime associated with a low pass-through level, and a high inflation regime associated with a high pass-through level. In order to highlight the mechanisms underlying shifts in inflation regimes, the authors used a time-varying probabilities approach and identified a set of variables to assess their effect on inflation in Tunisia. The results show that the price level decreases in response to an increase in interest rates. Along with this, the empirical results provide strong evidence that industrial production indices have a negative and significant effect in increasing the probability to stay in an inflationary regime and a high pass-through level. In addition, the results show robust supports to suggest that the imports increase the probability to stay in a high inflation regime and a high pass-through level. However, exports increase the probability to stay in a low inflation regime and a low pass-through level.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2012-39en
dc.subject.jelF3en
dc.subject.jelF4en
dc.subject.jelG15en
dc.subject.ddc330en
dc.subject.keywordPass-throughen
dc.subject.keywordinflationen
dc.subject.keywordMarkov switchingen
dc.subject.keywordeconomic fundamentalsen
dc.subject.stwExchange Rate Pass-Throughen
dc.subject.stwInflationen
dc.subject.stwSchätzungen
dc.subject.stwTunesienen
dc.titleExchange rate pass-through and inflation dynamics in Tunisia: A Markov-Switching approach-
dc.typeWorking Paperen
dc.identifier.ppn72201466Xen
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201239en

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.