Gupta, Rangan; Kabundi, Alain; Modise, Mampho P. - Department of Economics, Faculty of Economic and … - 2009
This paper assesses the impact of a monetary policy shock on 15 key macroeconomic variables of South Africa, in the pre- and post-inflation targeting periods. For this purpose, we use a Factor-Augmented Vector Autoregressive (FAVAR) model comprising of 107 monthly time series over two equal...
