Naraidoo, Ruthira; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2009
A simple empirical nonlinear framework is used to analyse monetary policy between 1983 and 2007 in South Africa … significant changes in monetary policy, secondly, post-2000 monetary policy is asymmetric as policy-makers respond more to … of monetary policy to in?ation is nonlinear as interest rates respond more when inflation is further from the target. …