) announced that an inflation zone targeting regime of 3-6% would be in place. We find that a model specification embodying a … simple inflation learning rule for the future inflation rate seems to provide a better understanding of the decision process … made by the SARB in its interest rate setting policy. The main findings are that the adoption of inflation targeting led to …

Recent empirical evidence on the direct link of inflation targeting and inflation volatility is at best mixed. However …, comparing inflation volatility across alternative monetary policy regimes within a country based on conventional ways, used in … previous studies, begs the question. The question is not whether the volatility of inflation has changed, but rather whether …

Empirical evidence on the whether the inflation-targeting South African Reserve Bank (SARB) should also consider … issue by questioning if the inflation rate is more volatile than it would have been had South Africa not moved to a flexible … exchange rate regime in 1995, using the cosine-squared cepstrum. We find that the CPI inflation in South Africa has become more …

Recent empirical evidence on the direct link of inflation targeting and inflation volatility is at best mixed. However …, comparing inflation volatility across alternative monetary policy regimes within a country based on conventional ways, used in … previous studies, begs the question. The question is not whether the volatility of inflation has changed, but rather whether …

- and post-inflation targeting periods. For this purpose, we use a Factor-Augmented Vector Autoregressive (FAVAR) model … macroeconomic variables, including inflation, has increased in the post-targeting period. But, majority of the effects are …