Inflation is a monetary policy outcome, but in the short to medium term, price and wage decisions are co-determined by …, deliberately simplified messages, most of the public tends to access inflation-related information through the media. In this paper …, we examine South African newspaper articles to identify how inflation is presented in the media and the role of the media …

inflation, we examine models of inflation that do and do not use the output gap. The Phillips curve, which relates inflation to … real activity, is regarded as the maintained theory of inflation. Models of inflation without the output gap include the … paper examines ten different models of inflation and estimates sixty-seven different specifications, some of which …

This paper examines two issues. First, we compare, based on the ratio of output-gap variability to inflation … the introduction of an implicit inflation-targeting by the EMU member countries after the Maastricht Treaty changed the … trade-off between inflation variability and output-gap variability. We employ a stochastic volatility model for the whole …

Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

I compare nominal GDP level targeting to flexible inflation targeting in a small New Keynesian model subject to the …, for a standard calibration, inflation targeting under discretion leaves the economy open to a deflationary trap. Nominal … level rule. These result suggest that inflation targeting should not be ditched. Still, it can be improved significantly, by …

This paper examines the demographic determinants of inflation expectations in South Africa. Five surveys covering the … ahead inflation expectations. In doing so we uncover clear behavioural biases in how respondents view the inflation outlook …. For example, education and income tend to be inversely related to inflation expectations. This is consistent with the …

Inflation expectations play a critical role in the formation of prices and wages. Hence, the South African Reserve Bank … (SARB) reacts to inflation's direct effects by tightening the monetary policy in order to avoid any second-round effects …. The study we conducted attempts to investigate whether the inflation rate are led by inflation expectations or vice versa …

This paper tackled the monetary policy performance in South Africa under inflation targeting framework. It utilized a …

correlated with the business cycle, both output and inflation become more variable. However, the output gap is still useful for … stabilising output and inflation. Basing policy actions on the output gap directly and/or indirectly through forecasts of … inflation leads to better macroeconomic stability than basing policy actions solely on currently available observable data such …