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An institutional assessment of inflation targeting as a framework for monetary policy
(Stellenbosch : Stellenbosch University, 2003-12)
ENGLISH ABSTRACT: A number of themes run through this dissertation, the first of which is the importance of money
in facilitating decentralised decision making by lowering transaction costs and by contributing to
the ...
Inflation expectations in South Africa : non-rational, intertemporal and idiosyncratic heterogeneity represented by a term structure approach
(Stellenbosch : Stellenbosch University, 2019-12)
ENGLISH SUMMARY : A key factor in the inflation-targeting regime is the psychological process by which decision makers form their expectations of future inflation. Economic models often assume that on aggregate, decision ...
Balance sheet policies and financial stability : central banking reimagined
(Stellenbosch : Stellenbosch University, 2016-12)
ENGLISH SUMMARY : Balance sheet policies have become the primary policy lever of several central banks in the wake of the international financial crisis. However, with inflated central bank balance sheets, and
global ...
Second-round effects on inflation, and underlying inflation
(Stellenbosch : Stellenbosch University, 2016-12)
ENGLISH SUMMARY : Supply shocks, especially food and energy price shocks, play a significant role in the evolution
and dynamics of headline consumer price inflation in South Africa. Although headline
inflation is the ...