This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The … inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks … leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy. …

inflation (CPI) to increase to 3.8 % in 2000. Unemployment will rise to 10.8 % (at yearend) and employment will decline by 2 …

inflation (CPI) to increase to 3.8 % in 2000. Unemployment will rise to 10.8 % (at yearend) and employment will decline by 2 …

inflation-unemployment process. The results provide some evidence in favor of the Lucas critique by showing that the short …-run unemployment-inflation trade-off tends to improve in countries that are successful in providing low and stable inflation. …

nation’s 2000-01 economic crisis. Higher growth could reduce unemployment and raise living standards toward European Union … levels. This paper reviews Turkey’s policy performance in terms of growth, inflation, debt, fiscal and financial sector … reform, and labor markets. The analysis assesses the effectiveness of macroeconomic stabilization and structural reforms …

groups for unemployment reductions will not reduce wage or price inflation pressures. The estimates also show that the … prices, are affected by overall MSA unemployment, the distribution of unemployment among different groups, and national … prices and wages. MSA unemployment has strong effects on MSA wages and prices, but the distribution of unemployment among …