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 …

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 …

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

development and a higher (lower) level of inflation leads to a bigger (smaller) shadow economy. These findings are empirically …

Purpose – This paper seeks to assess the impact of monetary policy on house price inflation for the nine census … investigation show that house price inflation responds negatively to a positive monetary policy shock, suggesting that the framework … VARs. Research limitations/implications – The paper only considers house price inflation and ignores other housing market …

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 …