Some Issues in Modeling and Forecasting Inflation in South Africa.
This invited overview paper draws on our South African and United States (US) inflation modelling and forecasting experience. The current global crisis highlights the importance for policy-makers of having good models for forecasting inflation. Central banks’ caution about inflation risks (expressed...
| Main Authors: | , |
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| Format: | Book section |
| Language: | English |
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South African Reserve Bank
2009
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| _version_ | 1797100632364023808 |
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| author | Aron, J Muellbauer, J |
| author_facet | Aron, J Muellbauer, J |
| author_sort | Aron, J |
| collection | OXFORD |
| description | This invited overview paper draws on our South African and United States (US) inflation modelling and forecasting experience. The current global crisis highlights the importance for policy-makers of having good models for forecasting inflation. Central banks’ caution about inflation risks (expressed, for example, in the Federal Reserve minutes of 16 September 2008, released on 7 October, and the European Central Bank’s 2 October 2008 statement about the decision to leave interest rates unchanged) may have been understandable, given the inflation shocks of 2008. However, it suggested the major central banks were ‘behind the curve’. |
| first_indexed | 2024-03-07T05:40:19Z |
| format | Book section |
| id | oxford-uuid:e55a11b6-1210-4b71-8266-f38f206fcd85 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:40:19Z |
| publishDate | 2009 |
| publisher | South African Reserve Bank |
| record_format | dspace |
| spelling | oxford-uuid:e55a11b6-1210-4b71-8266-f38f206fcd852022-03-27T10:23:19ZSome Issues in Modeling and Forecasting Inflation in South Africa.Book sectionhttp://purl.org/coar/resource_type/c_3248uuid:e55a11b6-1210-4b71-8266-f38f206fcd85EnglishDepartment of Economics - ePrintsSouth African Reserve Bank2009Aron, JMuellbauer, JThis invited overview paper draws on our South African and United States (US) inflation modelling and forecasting experience. The current global crisis highlights the importance for policy-makers of having good models for forecasting inflation. Central banks’ caution about inflation risks (expressed, for example, in the Federal Reserve minutes of 16 September 2008, released on 7 October, and the European Central Bank’s 2 October 2008 statement about the decision to leave interest rates unchanged) may have been understandable, given the inflation shocks of 2008. However, it suggested the major central banks were ‘behind the curve’. |
| spellingShingle | Aron, J Muellbauer, J Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title | Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title_full | Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title_fullStr | Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title_full_unstemmed | Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title_short | Some Issues in Modeling and Forecasting Inflation in South Africa. |
| title_sort | some issues in modeling and forecasting inflation in south africa |
| work_keys_str_mv | AT aronj someissuesinmodelingandforecastinginflationinsouthafrica AT muellbauerj someissuesinmodelingandforecastinginflationinsouthafrica |