In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting … reserves, current account deficit, and inflation differentials with main trading partners. The Central Bank of Tunisia has … already made important progress toward inflation targeting. The paper evidences the existence of increasingly effective …

Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount …-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for …

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a … standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility …. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited …

In the last two years the real has undergone a large depreciation and the central bank has missed its inflation target … in 2002 for the second year in a row. Inflation, however, has increased much less than the rate of currency depreciation … and the pickup in inflation in the last quarter of 2002 raises the question of whether the exchange rate passthrough has …

. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …

autoregression (VAR) models. Using a data set covering the period 1990-2005, we find that the exchange rate pass-through to inflation … should remain vigilant in assessing the potential impact of foreign prices on the dynamics of inflation in Tanzania. In this … regard, the authorities should seek to maintain low and stable inflation and continue the ongoing structural reforms designed …

, accounting for a sizable fraction of inflation; (ii) the pass-through from the exchange rate against the U.S. dollar is larger …