Wissem Boukraine

Monetary Policy in Tunisia Wissem Boukraine

Identifying the channels through which central bank decisions affect economic activity has long been the focus of theorists and practitioners. But the effectiveness of the transmission of central bank decisions to the economy as a whole depends on the structure and level of development of the financial system. A good understanding of this process and the extent of its impact on economic activity is crucial for the conduct of monetary policy.