Gumata, Nombulelo; Kabundi, Alain; Ndou, Eliphas - Economic Research Southern Africa (ERSA) - 2013
This paper investigates the di¤erent channels of transmission of monetary policy shock in South Africa in a data-rich environment. The analysis contains 165 quarterly variables observed from 1990Q1 to 2012Q2. We use a Large Bayesian Vector Autoregressive model, which can easily accommodate a...