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Periodical article | Leiden University catalogue | WorldCat |
Title: | Coping with inflation and exchange rate shocks in the South African economy |
Author: | De Wet, W. |
Year: | 2002 |
Periodical: | South African Journal of Economics |
Volume: | 70 |
Issue: | 1 |
Pages: | 78-94 |
Language: | English |
Geographic term: | South Africa |
Subjects: | monetary policy interest rates |
External link: | https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2002.tb00039.x/pdf |
Abstract: | The Reserve Bank of South Africa has set its ultimate target in terms of the inflation rate and is currently using a short-term interest rate as its operational variable. In this article, the author sets out a Monetary Conditions Index (MCI) that can be used as a rule or simply as a guidepost of the stance of monetary conditions in South Africa, indicating how the operational target should be adjusted in order to obtain a more stable macroeconomic environment. Bibliogr. |