Mndebele, Siyabonga; Tewari, Devi D.; Ilesanmi, Kehinde … - In: Economies : open access journal 11 (2023) 2, pp. 1-26
Purpose: The purpose of this study is to test the validity of the quantity theory of money (QTM) on South African sectoral data. The rationale of this study and its necessity for South Africa as the case study is that, although aggregate inflation may lie within the target range, inflation at a...