We investigate the response of aggregate demand (AD) components and inflation to monetary policy (MP) shocks in the Tunisian context where studies on this issue are rare. By estimating SVAR mode.
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Tunisia''s 2024 macroeconomic performance was challenged by high unemployment and inflation, rising levels of public debt, and occasional shortages of food products and medicines due to external
Recent macroeconomic and financial developments. The GDP growth rate fell to 0.4% in 2023, due to the drought that hurt the agricultural sector and a decrease in domestic demand. Inflation continued
Since 2011, Tunisia has been heading for a macroeconomic crisis—large deficits, shrinking fiscal space, and difficult negotiations with the IMF. In this election year, policymakers face
Despite gains in the tourism and export sectors, Tunisia''s economy was affected by the impacts of drought-related losses that led to an 11 percent drop in agriculture, underlining the need
We now expect a more moderate slowdown in Tunisia''s economic growth from 1.4% in 2024 to 1.2% (against 1.0% previously). Q4 2024 exceeded our estimate, coming in at 2.4% y-o-y,
Abstract: We investigate the response of aggregate demand (AD) components and inflation to monetary policy (MP) shocks in the Tunisian context where studies on this issue are rare.
Semantic Scholar extracted view of "Aggregate Demand and Inflation Response to Monetary Policy Shocks in Tunisia" by Mohamed Slim Ben Mimoun et al.
Agriculture was the main driver of the 2023 economic slowdown, declining by 11 percent as the drought forced the government to introduce irriga-tion restrictions. This highlights the urgency for Tuni-sia to
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