Non-linéarité de la fonction de réaction des autorités monétaires tunisiennes (notice n° 594702)
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| fixed length control field | 02494cam a2200313 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121150957.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Haddou, Samira |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Non-linéarité de la fonction de réaction des autorités monétaires tunisiennes |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2012.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 13 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | L’objectif de cet article est d’étudier le comportement de la Banque centrale de Tunisie dans la conduite de sa politique monétaire. À cette fin, une règle de Taylor pour le taux d’intérêt est estimée en utilisant un modèle de régression à transition lisse sur la période 1990-2008. Les résultats suggèrent que la fonction de réaction est non-linéaire, convexe par rapport à l’inflation, concave par rapport à l’écart de production, et que l’aversion contre le risque d’inflation domine l’aversion contre le risque de récession. Ces résultats indiquent que les risques d’inflation et de récession qui guettent la conduite de la politique monétaire incitent la banque centrale à mettre en œuvre une approche de la politique en termes de gestion de risque quant à la manipulation de son taux directeur. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Non-Linearity of Tunisian Monetary Authorities’ Reaction Function This paper examines the behavior of the Central Bank of Tunisia in the conduct of its monetary policy. To this end, a Taylor rule for the interest rate is estimated using a smooth-transition regression model over the period 1990-2008. We find that the Central Bank’s reaction function is nonlinear, convex with regard to inflation, concave with regard to the output gap, and that inflation aversion outweighs recession aversion. The main policy implication of these findings is that inflation and recession risks facing monetary policy-makers spur the Central Bank to pursue a risk-management policy for its key rate. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | préférences asymétriques |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Banque centrale de Tunisie |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | non-linéarité |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Règle de Taylor |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | asymmetric preferences |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | non-linearity |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | subsidies |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Taylor rule |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Central Bank of Tunisia |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | meta-regression analysis (MRA) |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | agriculture |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | cotton |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Économie & prévision | 195-196 | 4 | 2012-10-01 | p. 99-110 | 0249-4744 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-economie-et-prevision-1-2010-4-page-99?lang=fr&redirect-ssocas=7080">https://shs.cairn.info/revue-economie-et-prevision-1-2010-4-page-99?lang=fr&redirect-ssocas=7080</a> |
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