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 …

, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from … interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jorda's (2005 … output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary …

the reaction of 18 large emerging markets to an external shock, conditioning on their degree of inflation expectations … anchoring, countries with weakly anchored inflation expectations experienced larger exchange rate pass-through to consumer … prices, hence comparatively higher inflation. We conclude that efforts to improve the extent of anchoring of inflation …

This paper examines the factors underlying the stability of inflation observed following devaluations of the Spanish … completely offset by determinants of the cyclical position of the economy and the low inflation rate in 1993-94 should not be …

inflation targeting regime in the transmission from exchange rate movements to prices. We perform a set of robustness checks …

We investigate the motives inflation-targeting central banks in emerging markets may have for intervening in foreign … impact may be smaller than often assumed-at least for the set of more sophisticated inflation-targeting emerging …

rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …