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Loud and clear? Can we hear when the SARB speaks?

Reid M.; Du Plessis S. - 2010

Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …

Persistent link: https://www.econbiz.de/10009480479

The sensitivity of south African inflation expectations to surprises

Reid M. - 2009

sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …

Persistent link: https://www.econbiz.de/10009480481

Isolating a measure of inflation expectations for the South African financial market using forward interest rates

Reid M. - 2009

The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … forward rates (called inflation compensation) on a particular day is then used as a proxy for the market's inflation …

Persistent link: https://www.econbiz.de/10009480482

The cyclicality of monetary and fiscal policy in South Africa since 1994

Du Plessis S.; Smit B.; Sturzenegger F. - 2007

This paper uses a structural vector-autoregression approach to discuss the cyclicality of fiscal and monetary policy in South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though not undisputed, there is growing consensus that...

Persistent link: https://www.econbiz.de/10009480486

Exchange rate risks in trade and investment between South Africa and the developed countries / by Cui Zhang

Zhang, Cui - 2009

The current international monetary system is very different from that of a few decades ago. Many of the old restrictions that had been placed on currency and capital movements between countries have fallen away in favour of a much more liberal international payment and investment system. The...

Persistent link: https://www.econbiz.de/10009456045

Potential bilateral trade between South Africa and Angola in the agricultural sector : a gravity model approach / J.L. Erero

Erero, Jean Luc - 2007

This study applies the gravity trade model to assess South Africa-Angola trade potential in the agriculturalsector. A step-by-step example of the model's empirical implementation is also provided. It is found thatthe gravity model, with foundations in the physical sciences, is a useful...

Persistent link: https://www.econbiz.de/10009456190

Foreign direct investment and its importance to the economy of South Africa

Asafo-Adjei, Augustina - 2007

This study focuses on foreign direct investment ("FDI") and its importance to the economy of South Africa. Recognising that FDI, notwithstanding the type, can contribute to economic growth and development, most countries including South Africa are constantly working to attract it, and hence its...

Persistent link: https://www.econbiz.de/10009457743

Modelling South African currency crises as structural changes in the volatility of the rand

Duncan A.S.; Liu G.D. - 2009

This study tests the theory that currency crises are associated with sudden large changes in the structure of foreign exchange market volatility. Due to increases in market uncertainty, crisis periods exhibit abnormally high levels of volatility. By studying short-term changes in volatility...

Persistent link: https://www.econbiz.de/10009480480

Inflation dynamics and trade openness: with an application to South Africa

Aron, Janine; Muellbauer, John - 2007

Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates … andexchange rate. The evidence for South Africa suggests that increased openness has significantly reduced the mean inflation rate …

Persistent link: https://www.econbiz.de/10009441495

Multi-sector inflation forecasting – quarterly models for South Africa.

Aron, Janine; Muellbauer, John - 2008

Inflation is a far from homogeneous phenomenon, a fact often neglected in modeling consumer price inflation. Using a … sectoral sources of inflation, useful to monetary policy. Data for 1979 to 2003 are used for model selection, and pseudo out of …

Persistent link: https://www.econbiz.de/10009441521