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Inflation Dynamics in South Africa

The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs

Authors: Ndou, Eliphas, Gumata, Nombulelo

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    • Offers empirically based policy recommendations on pertinent and currently relevant policy gap areas
    • Authored by central bank policy research economists who are privy to the current policy debates and dilemmas
    • Contains relevant and timely policy recommendations that can be implemented
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eBook $139.00
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  • ISBN 978-3-319-46702-3
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Softcover $179.99
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About this book

This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size of exchange rate changes and volatility, GDP growth, inflation, output gap, credit growth, sovereign spreads and fiscal policy, providing new policy evidence on the impact of these. Ndou and Gumata apply techniques to determine the prevalence of updating inflation expectations, and reconsider the propagation effects of a number of inflation risk factors. Asking to what extent the evidence points to a need to enforce price stability and the anchoring of inflation expectation, the book fills existing gaps in South African Policy, and maintains a clear argument that price stability is consistent with the 3 to 6 per cent inflation target range, and that threshold application should form an important aspect of policy analysis in periods of macroeconomic uncertainty. As such, the book serves as an excellent reference text for academic and policy discussions alike.

About the authors

Eliphas Ndou is an economist at the South African Reserve Bank, and a lecturer at the University of the Witwatersrand, Johannesburg, South Africa. His research interests include international finance and macroeconomics, applied macro and microeconomics, monetary policy, fiscal policy, banking regulation and macro prudential policy.
Nombulelo Gumata is an economist at the South African Reserve Bank and a part-time lecturer/tutor at the Centre for Education in Economics and Finance Africa (CEEF Arica), South Africa, supporting students at the University of London in degrees and diplomas in Economics and Finance. Her research areas of interest include monetary economics, macro-economics, international economics and finance, fiscal policy, banking regulation and macro prudential policy.

Table of contents (31 chapters)

Table of contents (31 chapters)

Buy this book

eBook $139.00
price for USA in USD
  • ISBN 978-3-319-46702-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.99
price for USA in USD
  • ISBN 978-3-319-46701-6
  • Free shipping for individuals worldwide. COVID-19 shipping restrictions apply.
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
Softcover $179.99
price for USA in USD
  • ISBN 978-3-319-83566-2
  • Free shipping for individuals worldwide. COVID-19 shipping restrictions apply.
  • Immediate ebook access, if available*, with your print order
  • Usually ready to be dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Inflation Dynamics in South Africa
Book Subtitle
The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-46702-3
DOI
10.1007/978-3-319-46702-3
Hardcover ISBN
978-3-319-46701-6
Softcover ISBN
978-3-319-83566-2
Edition Number
1
Number of Pages
XLVI, 525
Number of Illustrations
223 b/w illustrations, 19 illustrations in colour
Topics

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