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A structural model of the inflation process in South Africa

Abstract:

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Not peer reviewed
Version:
Author's Original

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Institution:
University of Oxford
Research group:
Governance and Inflation Targeting in South Africa
Department:
Social Sciences Division - Economics - Centre for the study of African Economies
Role:
Author
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Institution:
University of Oxford
Research group:
Governance and Inflation Targeting in South Africa
Oxford college:
Nuffield College
Department:
Social Sciences Division - Economics
Role:
Author
More by this author
Institution:
Stellenbosch University
Department:
Bureau of Economic Research
Role:
Author
Series:
CSAE working paper series
Publication date:
2004-01-01
URN:
uuid:c681fe2a-5199-478b-a0b8-857ca99b8709
Local pid:
ora:2652

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