South Africa: Selected Issues

September 19, 2005

Preview Citation

Format: Chicago

South Africa: Selected Issues, (USA: International Monetary Fund, 2005) accessed November 24, 2024

Summary

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.

Subject: Financial institutions, Labor, Public debt, Taxes

Keywords: Africa, Backward-looking inflation component, Break, CR, Customs duty, Government, Inflation dynamics, Inflation expectation, Interpreting inflation development, ISCR, Labor markets, Mortgages, Sound inflation, Southern Africa, Tariffs, Unemployment

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/345
Stock No:

1ZAFEA2005001
ISBN:

9781451966763
ISSN:

1934-7685

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