Aron, Janine (contributor); Muellbauer, John (contributor) - 2006 - Rev
CSAE WPS/2006-07
Review of Monetary Policy in
South Africa since 1994
Janine Aron
Department of Economics … interest rate and output
volatility, and has stabilised the business cycle. In Section 6, we tackle the controversial issue … years. The
flexible approach aims also to stabilise the business cycle and hence the output gap. In the short-
term …