This paper investigates the long-run impact of inflation on homeowner equity in South Africa by analysing the … expenditure. In general, we infer that house prices in South Africa provide a stable, but quantitatively minor, inflation hedge in …

Inflation forecasts are a key ingredient for monetary policymaking - especially in an inflation targeting country such …. As such, other variables,e.g. such as alternative measures of inflation that might be of interest to policymakers, do not … generate recursive forecasts over 2000Q1-2011Q4. The hybrid DSGE performs extremely well in forecasting inflation variables …

This paper evaluates the welfare gain from reducing inflation permanently from two percent to price stability and … inflation and capital income taxation, in calculating the gain from moving to a zero rate of inflation. Though the annual … deadweight loss of a two percent inflation rate is 0.225 percent of GDP - a relatively small number when compared to the …

The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …

convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …

inflation distorts a variety of marginal decisions, to evaluate the welfare cost of inflation in South Africa – a country, where …, since the February of 2000, the sole objective of the central bank has been to keep the inflation rate within the target …

understand the relationship between inflation and economic growth in order to make sound policies. If inflation is detrimental to … economic growth, then policy makers should aim for low rate of inflation. This leads to a question; how low should the … inflation rate be? Previous research in the non-linearities of the inflation-growth relationship has found that a positive …

The existing literature on the theoretical relationship between the rate of inflation and real stock prices in an … economy has shown varied predictions about the long run effects of inflation on real stock prices. In this paper, we present … that, in the long run real stock prices are invariant to permanent changes in the rate of inflation. The impulse responses …

In this paper we evaluate inflation persistence in the U.S. using long range monthly and annual data. The importance of … inflation persistence is crucial to policy authorities and market participants, since the level of inflation persistence … generating process, in order to enhance the robustness of conclusions. Overall, we find that inflation persistence is high from …