Aron, Janine (contributor); Muellbauer, John (contributor) - 2004 - [Elektronische Ressource]
value channel of the monetary policy transmission mechanism is
especially important for inflation targeting countries.
We … particular
concern for those countries, like South Africa, which have adopted inflation targeting.
While wealth estimates on a …
inflation, which historically tended to be correlated with negative real returns, and also with a fall in
the value of nominal …