Aron, Janine; Muellbauer, John - C.E.P.R. Discussion Papers - 2006
This paper examines the evolution of monetary policy in South Africa in 1994-2004 in terms of design, the operational … framework, the South African Reserve Bank’s (SARB) understanding of monetary policy transmission and the transparency …, credibility and predictability of monetary policy. Quantitative indexes of transparency in 1994 and 2004 are compared and …