Working paper
A structural model of the inflation process in South Africa
- Abstract:
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We build a 4-equation model of the inflation process in South Africa (which has recently adopted inflation targeting), including the exchange rate, consumer prices, producer price, and import prices. This provides useful information on the speed and extent of exchange rate pass-through, and illuminates the various channels through which monetary policy influences inflation. The model is in the tradition of central bank models of the inflation process, but carefully tests for asymmetries, stru...
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- Publication status:
- Published
- Peer review status:
- Not peer reviewed
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(Author's original, pdf, 459.0KB)
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Authors
Funding
+ Economic and Social Research Council (ESRC), U.K.
More from this funder
Funding agency for:
Muellbauer, J
Grant:
000 23-0244
+ Department for International Development (U.K.)
More from this funder
Funding agency for:
Aron, J
Grant:
ESCOR 7911
Bibliographic Details
- Series:
- CSAE working paper series
- Place of publication:
- http://www.csae.ox.ac.uk/workingpapers/main-wps.html
- Publication date:
- 2004-01-01
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:c681fe2a-5199-478b-a0b8-857ca99b8709
- Local pid:
- ora:2652
- Deposit date:
- 2009-03-02
Related Items
Terms of use
- Copyright holder:
- Janine Aron, John Muellbauer & Benjamin W Smit
- Copyright date:
- 2004
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