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Monetary Policy and Inflation Modeling in a more Open Economy in South Africa.

Abstract:

South Africa in the 1990s became globally more integrated after years of isolation. Opening the trade and capital accounts gave impetus to a monetary policy regime change to inflation targeting from 2000, after a costly transitional period of monetary mismanagement with low policy transparency. Changes in openness can, however, disrupt the inflation forecasting on which targeting monetary policies depend. This chapter demonstrates how the central bank’s own producer price inflation equation i...

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Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
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Institution:
University of Oxford
Research group:
South African Macroeconomic Research Programme
Oxford college:
Nuffield College
Role:
Author
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Funding agency for:
Aron, J
Grant:
RES-000-22-2066
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Funding agency for:
Muellbauer, J
Grant:
RES-000-22-2066
Series:
Working Paper Series
Publication date:
2008-09-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:bc34cf1f-ad5f-4120-aa22-1aad443d2c4d
Local pid:
oai:economics.ouls.ox.ac.uk:14123
Deposit date:
2011-08-16

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