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 …

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

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 …

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 …