Browse

You are looking at 1 - 10 of 12 items :

  • South Africa x
  • Keywords: Monetary Policy (Targets x
Clear All
Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Source: Cost-Benefit Analysis of Leaning Against the Wind

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Cost-Benefit Analysis of Leaning Against the Wind

Cost-Benefit Analysis of Leaning Against the Wind »

Volume/Issue: 2016/3

Series: IMF Working Papers

Author(s): Lars Svensson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2016

DOI: http://dx.doi.org/10.5089/9781498314787.001

ISBN: 9781498314787

Keywords: macroprudential policy, unemployment, unemployment rate, debt, marginal cost, benchmark, Monetary Policy (Targets, Instruments, and Effects), All Countries

“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of hig...

Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa

Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa »

Volume/Issue: 2018/173

Series: IMF Working Papers

Author(s): Alain Kabundi , and Montfort Mlachila

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2018

DOI: http://dx.doi.org/10.5089/9781484371671.001

ISBN: 9781484371671

Keywords: South Africa, Sub-Saharan Africa, Central banks and their policies, Exchange rate pass-through, monetary policy credibility, Monetary Policy (Targets, Instruments, and Effects)

This paper investigates the key factors that explain the documented decline in the exchange rate pass-through in South Africa over the past two decades, which coincides with the adoption of the inflation-targeting...

Monetary Transmission
			: Are Emerging Market and Low Income Countries Different?

Monetary Transmission : Are Emerging Market and Low Income Countries Different? »

Volume/Issue: 2015/239

Series: IMF Working Papers

Author(s): Ales Bulir , and Jan Vlcek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2015

DOI: http://dx.doi.org/10.5089/9781513554235.001

ISBN: 9781513554235

Keywords: Monetary transmission, yield curve, interest, inflation, market, Monetary Policy (Targets, Instruments, and Effects), Asset Pricing, All Countries,

We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-i...

On the Drivers of Inflation in Sub-Saharan Africa

On the Drivers of Inflation in Sub-Saharan Africa »

Volume/Issue: 2015/189

Series: IMF Working Papers

Author(s): Anh Nguyen , Jemma Dridi , Filiz Unsal , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2015

DOI: http://dx.doi.org/10.5089/9781513583013.001

ISBN: 9781513583013

Keywords: Global VAR (GVAR), supply, supply shocks, demand, Time-Series Models, Monetary Policy (Targets, Instruments, and Effects), General, Sub-Saharan Africa.,

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integrati...

The Sources of Business Cycles in a Low Income Country

The Sources of Business Cycles in a Low Income Country »

Volume/Issue: 2015/40

Series: IMF Working Papers

Author(s): Romain Houssa , Jolan Mohimont , and Christopher Otrok

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 February 2015

DOI: http://dx.doi.org/10.5089/9781498310147.001

ISBN: 9781498310147

Keywords: Credit Shocks, Macroeconomic Stabilization Policies, Sign Restrictions, Bayesian VAR, credit, productivity, inflation, prices, exchange, Models with Panel Data

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shoc...

What Measure of Inflation Should a Developing Country Central Bank Target?

What Measure of Inflation Should a Developing Country Central Bank Target? »

Volume/Issue: 2015/205

Series: IMF Working Papers

Author(s): Rahul Anand , Eswar Prasad , and Boyang Zhang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2015

DOI: http://dx.doi.org/10.5089/9781513572574.001

ISBN: 9781513572574

Keywords: monetary policy framework, core inflation, headline inflation, financial frictions, inflation, economies, welfare, Monetary Policy (Targets, Instruments, and Effects),

In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of d...

Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa

Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa »

Source: Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa

Volume/Issue: 2018/173

Series: IMF Working Papers

Author(s): Alain Kabundi , and Montfort Mlachila

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 July 2018

ISBN: 9781484371671

Keywords: South Africa, Sub-Saharan Africa, Central banks and their policies, Exchange rate pass-through, monetary policy credibility, Monetary Policy (Targets, Instruments, and Effects)

This paper investigates the key factors that explain the documented decline in the exchange rate pass-through in South Africa over the past two decades, which coincides with the adoption of the inflation-targeting...

Monetary Transmission

Monetary Transmission »

Source: Monetary Transmission : Are Emerging Market and Low Income Countries Different?

Volume/Issue: 2015/239

Series: IMF Working Papers

Author(s): Ales Bulir , and Jan Vlcek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 November 2015

ISBN: 9781513554235

Keywords: Monetary transmission, yield curve, interest, inflation, market, Monetary Policy (Targets, Instruments, and Effects), Asset Pricing, All Countries,

We use two alternative representations of the yield curve to test the functioning of the interest rate transmission mechanism along the yield curve based on government paper in a sample of emerging market and low-i...

On the Drivers of Inflation in Sub-Saharan Africa

On the Drivers of Inflation in Sub-Saharan Africa »

Source: On the Drivers of Inflation in Sub-Saharan Africa

Volume/Issue: 2015/189

Series: IMF Working Papers

Author(s): Anh Nguyen , Jemma Dridi , Filiz Unsal , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2015

ISBN: 9781513583013

Keywords: Global VAR (GVAR), supply, supply shocks, demand, Time-Series Models, Monetary Policy (Targets, Instruments, and Effects), General, Sub-Saharan Africa.,

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integrati...