A structural model of the inflation process in South Africa
We build a 4-equation model of the inflation process in South Africa (which has recently adopted inflation targeting), including the exchange rate, consumer prices, producer price, and import prices. This provides useful information on the speed and extent of exchange rate pass-through, and illumina...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
2004
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| Subjects: |