South Africa:Selected Issues : Selected Issues

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The conduct of monetary policy has been complicated by a variety of unanticipated events that have had important effects on inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy.
Publication date: September 2005
ISBN: 9781451966763
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Topics covered in this book

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Finance , ISCR , CR , government , break , inflation expectation , sound inflation , interpreting inflation development , inflation dynamics , customs duty , backward-looking inflation component , Tariffs , Labor markets , Mortgages , Unemployment , Africa , Southern

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