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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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Volume:
WPS/2006-07
Series:
Working Paper Series
Publication date:
2006-01-01
URN:
uuid:cbc25e29-98da-43da-8465-0bf0c6b9cebc
Local pid:
oai:economics.ouls.ox.ac.uk:13235
Language:
English

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