Publications

The inflation targeting constitutes an attractive monetary policy strategy that makes low the inflation rate and improve central banks’ credibility what motivates its adoption previously by the industrial countries and recently by emerging ones. This paper consider to what extent the inflation targeting can be adopted by some selected MENA countries. To this end we propose a rule-based monetary policy framework which rests on flexible inflation forecast based rule targeting.  The aim of this paper is to estimate a reaction function that fits the inflation targeting framework in accordance with the specificity of the transmission mechanism into these countries.