Most emerging market central banks have adopted inflation targeting as their monetary policy system. The heart of … inflation targeting system is inflation expectations. The success of a central bank in achieving targets depends on to the … extent to which inflation expectations are formed by the announced targets. As the credibility of the central bank increases …

This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the … regime, and summarizes some major critiques.Monetary policy responses to inflation depend on the source of inflationary …

This study empirically addresses claims about the effects of strikes on output growth, inflation, and non … any case, this was not contested. Our findings, however, contradict the claims that strikes ensue inflation and …-agriculture employment but has no effect on inflation. The inflation finding suggests that strikes do not cause a wage-price spiral because …

This paper reviews South Africa's monetary policy since 2007 and makes recommendations towards improving the inflation …-targeting framework currently in place. Following a surge in inflation into double digits in 2007/08, the South African Reserve Bank … managed to guide inflation in line with the 3-6 per cent target band. Estimates of South Africa's potential output underwent …

This paper estimates the output cost of fighting inflation-the sacrifice ratio-for the South African economy using … sacrificed while fighting inflation. Hence, the reserve bank is recommended to sustain an inflation rate within the target range …

The proposition that inflation expectations can be extracted as inflation predictions from the government bond yield … of inflation. Examining the sub-periods separated by the adoption, in 2000, of inflation targeting, we find that the … monetary policy regime shift strengthened the relationship between the yield spread and future inflation. The results suggest …