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Estimating the implicit inflation target of the South African reserve bank
Klein, Nir - 2012
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...
Persistent link: https://www.econbiz.de/10009621000
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Real wage, labor productivity, and employment trends in South Africa : a closer look
Klein, Nir - 2012
Persistent link: https://www.econbiz.de/10009614696
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Alcohol, violence and injury-induced mortality : evidence from a modern-day prohibition
Barron, Kai; Parry, Charles D.H.; Bradshaw, Debbie; … - 2022
This paper evaluates the impact of a sudden and unexpected nation-wide alcohol sales ban in South Africa. We find that this policy causally reduced injury-induced mortality in the country by at least 14% during the five weeks of the ban. We argue that this estimate constitutes a lower bound on...
Persistent link: https://www.econbiz.de/10012822103
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A financial conditions index for South Africa
Gumata, Nombulelo; Klein, Nir; Ndou, Eliphas - 2012
a similar trajectory over time, seem to have a powerful predictive information for the near-term GDP growth (up to four … relatively high predictive power regarding GDP growth, a further deterioration may imply that economic activity is likely to slow …
Persistent link: https://www.econbiz.de/10012694090
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South Africa : the cyclical behavior of the markups and its implications for monetary policy
Klein, Nir - 2011
Persistent link: https://www.econbiz.de/10009423213
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Time preferences and medication adherence : evidence from pregnant women in South Africa
Barron, Kai; Damgaard, Mette Trier; Gravert, Christina; … - 2022
The effectiveness of health recommendations and treatment plans depends on the extent to which individuals follow them. For the individual, medication adherence involves an inter-temporal trade-off between expected future health benefits and immediate effort costs. Therefore examining time...
Persistent link: https://www.econbiz.de/10013390923
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South Africa : The Cyclical Behavior of the Markups and its Implications for Monetary Policy
Klein, Nir - 2011
The study looks at the cyclical behavior of the markups and assesses its impact on inflation dynamics. The analysis finds that the aggregate level of the private sector''s markup is relatively high, thus pointing to the lack of strong competition in South Africa''s product markets. Additionally,...
Persistent link: https://www.econbiz.de/10014398328
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Estimating the Implicit Inflation Target of the South African Reserve Bank
Klein, Nir - 2012
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...
Persistent link: https://www.econbiz.de/10014395678
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Real Wage, Labor Productivity, and Employment Trends in South Africa : A Closer Look
Klein, Nir - 2012
-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while … and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding …
Persistent link: https://www.econbiz.de/10014396652