How detrimental is inflation to growth in South Africa? At what level? Motivated by the adoption of inflation targeting … by many countries, this paper sets out to empirically determine the threshold level of inflation in South Africa. This …. The results show that the inflation threshold level occurs at 4 percent. At inflation levels below and up to 4 percent …

-side effect. We argue that it is crucial for monetary authorities to understand whether an increase in expected future inflation … is due to supply shocks or demand shocks before applying contractionary policy to forestall inflation. We estimate a … African economy to show that whether the South African Reserve Bank should apply contractionary policy to fight inflation …

learning-by-doing externality breaks the ’divine coincidence’ result, that by stabilising inflation the output gap will … maker must consider the impact on future productivity of any trade-off between output and inflation today. The appropriate … inflation-output trade off is between inflation today and the present value of deviations in the output gap. The approach to …

these tasks. As a result, aggregate inflation expectations of the public as a whole can be described as ‘stick' in that … the spread of information about inflation expectations through the economy is not instantaneous. A body of literature has … epidemiological models to provide insight into how the general public in South Africa forms its inflation expectations. This enables …

period information sets. In the literature the choice of proxies for the inflation expectations and output gap measures are …

This paper reports a comparison of South African household inflation expectations and inflation credibility surveys … undertaken in 2006 and 2008. The objective is to test for possible feed-through between inflating credibility and inflation … difference between the survey results of 2006 and 2008 is that female and male respondents reported inflation expectations at the …

In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African … in all, we highlight not only the fact that inflation has offset the prospective Mundell-Tobin effect and consequently …

In this paper we investigate the role of inflation rates in determining economic growth in fifteen sub-Saharan African … in all, we highlight not only the fact that inflation has o¤set the prospective Mundell-Tobin effect and consequently …