THE IMPACT OF MONETIZATION ON THE TUNISIAN ECONOMY USING A SIMPLE DSGE MODEL
Date
2023
Journal Title
Journal ISSN
Volume Title
Type
Article
Publisher
MSA-Management science journal
Series Info
Volume: 2;Issue:1
Doi
Scientific Journal Rankings
Abstract
The presence of money in the economy is mostly considered obvious. This paper investigates the effect of monetization on the Tunisian economy with a Dynamic Stochastic General Equilibrium (DSGE) model. The article also intends to show the main driving forces behind Tunisian business cycle and to understand how the productivity and monetary shocks impact and transmit into the Tunisian economy. Two Small Open Economy Neo-Keynesian (NK) models with price stickiness without and with money are carried out in this study. The results show that the supply shock has a positive effect on the macroeconomic variables. Nevertheless, the monetary shock has negatively affected the variables, especially the output, the capital and wages
Description
1 ORCID iD 0000-0002-0827-3260
2 ORCID iD 0000-0002-6134-4785
Keywords
Monetization, money in utility, Tunisia, DSGE models, monetary policy
Citation
MSA University