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Some Issues in Modeling and Forecasting Inflation in South Africa.

Abstract:

This invited overview paper draws on our South African and United States (US) inflation modelling and forecasting experience. The current global crisis highlights the importance for policy-makers of having good models for forecasting inflation. Central banks’ caution about inflation risks (expressed, for example, in the Federal Reserve minutes of 16 September 2008, released on 7 October, and the European Central Bank’s 2 October 2008 statement about the decision to leave interest rates unchan...

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Authors


Janine Aron More by this author
John N. J. Muellbauer More by this author
Host title:
Challenges for Monetary Policy-makers in Emerging Markets
URN:
uuid:e55a11b6-1210-4b71-8266-f38f206fcd85
Local pid:
oai:economics.ouls.ox.ac.uk:14497
Language:
English

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