| 书目名称 | Inflation Dynamics in South Africa | | 副标题 | The Role of Threshol | | 编辑 | Eliphas Ndou,Nombulelo Gumata | | 视频video | | | 概述 | Offers empirically based policy recommendations on pertinent and currently relevant policy gap areas.Authored by central bank policy research economists who are privy to the current policy debates and | | 图书封面 |  | | 描述 | This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size of exchange rate changes and volatility, GDP growth, inflation, output gap, credit growth, sovereign spreads and fiscal policy, providing new policy evidence on the impact of these. Ndou and Gumata apply techniques to determine the prevalence of updating inflation expectations, and reconsider the propagation effects of a number of inflation risk factors. Asking to what extent the evidence points to a need to enforce price stability and the anchoring of inflation expectation, the book fills existing gaps in South African Policy, and maintains a clear argument that price stability is consistent with the 3 to 6 per cent inflation target range, and that threshold application should form an important aspect of policy analysis in periods of macroeconomic uncertainty. As such, the book serves as an excellent reference text for academic and policy discussions alike.. | | 出版日期 | Book 2017 | | 关键词 | Inflation; Disinflation; Taylor Curve; Garch methodology; Supply shocks; Volatility; Price dispersion; Tsay | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-319-46702-3 | | isbn_softcover | 978-3-319-83566-2 | | isbn_ebook | 978-3-319-46702-3 | | copyright | The Editor(s) (if applicable) and The Author(s) 2017 |
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发表于 2025-3-21 19:12:55
