Interest Rate Effects on Output: Evidence from a GDP Forecasting Model for South Africa.

Forecasting models for output are presented to throw light on monetary transmission. Recent research finds multistep forecasting superior to recursive forecasting from a VAR model when structural breaks are present; there are important political and policy regime breaks in South Africa. The equilibr...

Full description

Bibliographic Details
Main Authors: Aron, J, Muellbauer, J
Format: Journal article
Language:English
Published: 2002