Proposals for strengthening the SARB's inflation targeting regime
Date
2005
Authors
du Plessis S.A.
Journal Title
Journal ISSN
Volume Title
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Abstract
This paper proposes a set of criteria for efficient institutions derived form the New Institutional Economics literature and the IMF's Code of Good Practices on Transparency in Monetary and Financial Policie. These criteria are used to evaluate the institutional framework of South Africa's inflation targeting regime. A test for measuring the comprehensiveness of South Africa's inflation targeting regime is used to verify the results of the institutional evaluation. Finally, a matrix of proposed institutional reforms is constructed to address weaknesses identified by the institutional evaluation. © 2005 Economic Society of South Africa.
Description
Keywords
inflation, institutional reform, monetary policy, targeting
Citation
South African Journal of Economics
73
2
73
2