Effectiveness of Monetary Policy in Controlling Inflation from the Perspective of the Tunisian Economy

Author(s)	ALOUI AMEL, BOUSLIMI EMNA
Country	Tunisia
Abstract	This paper aims to empirically examine, for Tunisia, the effects of monetary policy in fighting inflation using ARDL modeling. The study is based on time series data from 2000 to 2021. The results show that the key interest rate has a positive and statistically significant effect on long-term inflation. The monetarist theory is valid in the short term, while the structural theory of inflation is valid for the case of Tunisia in the short and long term. As a result, monetary policy in Tunisia, applied with the aim of curbing inflation, is not effective. The study therefore recommends that economic policies should focus directly on the factors behind inflation, mainly imported inflation.
Keywords	inflation, monetary policy, money supply, key interest rate, ARDL method
Field	Business Administration
Published In	Volume 6, Issue 1, January-February 2024
Published On	2024-01-23
Cite This	Effectiveness of Monetary Policy in Controlling Inflation from the Perspective of the Tunisian Economy - ALOUI AMEL, BOUSLIMI EMNA - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.12004
DOI	https://doi.org/10.36948/ijfmr.2024.v06i01.12004
Short DOI	https://doi.org/gtfms9

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