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 ...

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 ...

ENGLISH SUMMARY : The growing prevalence of forward guidance, in addition to central banks' efforts to improve and structure its use, has spawned growing interest among market participants and academics. Several scholars ...

ENGLISH ABSTRACT : This thesis contributes to the literature on macroprudential policies for the South African economy. The main goal of the thesis is to enhance our understanding on how macroprudential policies work, ...