Salem, Salha Ben; Sayari, Sonia; Labidi, Moez - In: Economies : open access journal 12 (2024) 3, pp. 1-16
financial shocks. Two new Keynesian dynamic stochastic general equilibrium (DSGE) models, with and without financial frictions … higher leverage ratios. Additionally, the inclusion of financial frictions in the DSGE model enhanced its ability to capture … the Tunisian economy. This is significant for the Central Bank of Tunisia, which has not yet adopted a specific DSGE model …