 | South Africa’s Exports Performance : Any Role for Structural Factors? Author/Editor: Rahul Anand, Roberto Perrelli, Boyang Zhang. Release Date:February, 2016 Despite a substantial and prolonged exchange rate depreciation, South Africa’s export performance has disappointed since the global financial crisis. In this paper we focus on the role of more...
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| What Measure of Inflation Should a Developing Country Central Bank Target? Author/Editor: Rahul Anand, Eswar Prasad, Boyang Zhang. Release Date:September, 2015 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 more...
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