01696cas a2200241 a 4500 AALejournalIMF000320 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451921250 1018-5941 BD-DhAAL BD-DhAAL Treichel, Volker. Broad Money Demand and Monetary Policy in Tunisia / Volker Treichel. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The development of empirical foundations to the conduct of monetary policy in Tunisia is the central concern of this paper. Finding stable money demand functions, it broadly corroborates the choice of monetary aggregates as intermediate targets of monetary policy by the Tunisian Central Bank. It finds, however, a lower income elasticity than the one currently applied by the Central Bank and proposes a different methodology for defining monetary growth targets. The paper also finds that both interest rates and reserve money are feasible operating targets and suggests that the Central Bank orients its monetary policy more towards transparent operating targets. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/022 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/022/001.1997.issue-022-en.xml IMF e-Library