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Tunisia: Sources of Real Exchange Rate Fluctuations

dc.contributor.authorDaly, Sfia Mohameden_US
dc.date.accessioned2007-10-25T20:20:02Z
dc.date.available2007-10-25T20:20:02Z
dc.date.issued2006-03-01en_US
dc.identifier.otherRePEc:wdi:papers:2007-880en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/57260en_US
dc.description.abstractUsing structural VARs identified with long-run restrictions, this paper evaluates the importance of nominal shocks and real disturbances on the Tunisian Dinar during the nineties. The estimated macroeconomic behaviour in response to the shocks identified with a Clarida and Gali-type structural VAR for Tunisia is generally in line with theoretical priors stemming from the Mundell-Fleming model. The structural decomposition shows that relative real demand and supply shocks account for most of the variations in real exchange rate changes during the estimation period and indicates that real disturbances explain about 80% of the variance of the forecast error of the real exchange rate.en_US
dc.format.extent576290 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofseries880en_US
dc.subjectTunisia, Real Exchange Rate, Structural VARen_US
dc.subject.otherF41en_US
dc.titleTunisia: Sources of Real Exchange Rate Fluctuationsen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/57260/1/wp880 .pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


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