Now showing items 1-2 of 2
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 ...
A macroeconometric policy model of the South African economy based on weak rational expectations with an application to monetary policy
(Stellenbosch : Stellenbosch University, 2000)
ENGLISH ABSTRACT: The Lucas critique states that if expectations are not explicitly dealt with, conventional econometric models are inappropriate for policy analyses, as their coefficients are not policy invariant. The ...