assume homogeneity in the monetary policy-inflation nexus, with dire consequences for optimal monetary policy and welfare …. Using wavelet-based quantile regressions, we provide a multi-layered asymmetric exposition on provincial inflation … quantiles. Our findings present enormous policy and welfare implications, given the inflation targeting status of South Africa …

persistent decline in the debt-to-GDP ratio; ii) the CPI inflation and the interest outlays represent state variables in the … the Selic rate in the recent cycle of monetary expansion. -- primary surpluses ; net public debt ; inflation rate …