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Review of monetary policy in South Africa since 1994

Abstract:

This paper reviews the design and performance of monetary policy in South Africa (SA) during 1994-2004. Quantitative indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility and reasonable predictability of monetary policy since adopting inflation targeting in 2000. The SA Reserve Bank's view on mone...

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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Not peer reviewed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
Sub department:
CSAE
Research group:
South African Macroeconomic Research Programme
Role:
Author
More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Research group:
South African Macroeconomic Research Programme
Oxford college:
Nuffield College
Role:
Author
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Funding agency for:
Muellbauer, J
Grant:
R8311
Series:
CSAE working paper series
Place of publication:
http://www.csae.ox.ac.uk/workingpapers/main-wps.html
Publication date:
2006-01-01
Language:
English
Keywords:
Subjects:
UUID:
uuid:c88d34c9-60cc-4d9a-a400-4022a518d740
Local pid:
ora:2609
Deposit date:
2009-02-16

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