The Variability of the Tunisian Real Exchange Rate

  •  Zouhaier Hadhek    
  •  Hniya Sakli    
  •  Tahar Lassoued    


This article presents an estimate of the equilibrium real exchange rate for Tunisia using the model of Edwards (1998) and Elbadawi (1994). We calculate the distortion between the actual RER and the equilibrium RER and the misalignments related thereto. The study period was marked by phases of overvaluation and undervaluation of the RER.

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