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Politics and policies : determinants of South Africa's monetary policy problems in the 1980s

Rossouw, Jannie - In: Economic history of developing regions 33 (2018) 1, pp. 51-68

Persistent link: https://www.econbiz.de/10011956780

Inflation targeting as a shock absorber

Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of …

Persistent link: https://www.econbiz.de/10011790769

Structural estimates of the South African sacrifice ratio

Gereziher, Hayelom Yrgaw; Nuru, Naser Yenus - In: Journal for studies in economics and econometrics : SEE 48 (2024) 1, pp. 42-61

Persistent link: https://www.econbiz.de/10014511599

Structural estimates of the South African sacrifice ratio

Gereziher, Hayelom Yrgaw; Nuru, Naser Yenus - 2021

This paper estimates the output cost of fighting inflation-the sacrifice ratio-for the South African economy using quarterly data spanning the period 1998Q1-2019Q3. To compute the sacrifice ratio, the structural vector autoregressive model developed by Cecchetti and Rich (2001) based on...