The Estimation of Monetary Policy Feedback Rules : The Case of South Africa

This paper tackled the monetary policy performance in South Africa under inflation targeting framework. It utilized a sample that covered the period from 1980:Q1 to 2010 Q3. The aim of this paper was to assess the monetary policy through the estimation of two specifications of the Reserve's Bank reaction functions and the estimation of a Chow's forecast test for structural breaks. The result suggested that monetary policy had been stable during the period under investigation

MoreLess

Year of publication:	2011
Authors:	Kamal, Mona
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Südafrika \| South Africa \| Geldpolitik \| Monetary policy \| Geldmengensteuerung \| Monetary targeting \| Regelbindung versus Diskretion \| Rules versus discretion \| Inflationssteuerung \| Inflation targeting

Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2011 erstellt
Other identifiers:	10.2139/ssrn.1733508 [DOI]
Classification:	C1 - Econometric and Statistical Methods: General ; C12 - Hypothesis Testing ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; E31 - Price Level; Inflation; Deflation ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013131937