This paper analyses the interes-rate decision-making behaviour of the South African Reserve Bank (SARB) since the of the adoption of the Inflation Targeting Monetary Policy Framework (ITMPF)1. The general method of moments (GMM) technique is used to model hybrid Taylor type rules, employing...

Using monthly data from 1960 through to January 2010, this study employs the generalized autoregressive conditional heteroskedastic (GARCH) and GARCH-M (mean) methodologies to estimate the impact of Inflation Targeting (IT) on inflation uncertainty as well as to study whether an increase in...