Inflation and Output Forecasts for South Africa: Monetary Transmission Implications.
South Africa’s recent adoption of inflation targeting increases the need for good forecasting models of inflation and models for understanding the monetary transmission mechanism. This paper presents multi-step models for inflation and output, four-quarters ahead. The inflation model has an equilibr...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CSAE
2000
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