The inflation targeting as a nominal anchor in South African monetary policy: Does the monetary policy becomes more effective?

• Main Authors: Umar, Mohammed, Dahalan, Jauhari, Azman Aziz, Mukhriz Izraf
• 格式: Conference or Workshop Item
• 语言: English
• 出版: 2015
• 主题: HJ Public Finance
• 在线阅读: http://repo.uum.edu.my/15493/1/2.pdf; http://repo.uum.edu.my/15493/; http://sibresearch.org/sibr-conference-call-for-paper.html

The paper investigates whether the South African Inflation Targeting (IT) framework has performed the role of the nominal anchor in the economy or not as well as the process through which the monetary authority determine its monetary instrument in the economy. Using the Generalized Method of Moments...