South Africa: Selected Issues : South Africa: Selected Issues

1ZAFEA2005001 Image
Price:  $15.00

Release Date: © September, 2005
ISBN : 978-1-45196-676-3
Stock #: 1ZAFEA2005001
English
Stock Status: On back-order

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Description

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The conduct of monetary policy has been complicated by a variety of unanticipated events that have had important effects on inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy.




More publications in this series: IMF Staff Country Reports