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Inflation Dynamics in South Africa = the Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Inflation Dynamics in South Africa/ by Eliphas Ndou, Nombulelo Gumata.
Reminder of title:	the Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /
Author:	Ndou, Eliphas.
other author:	Gumata, Nombulelo.
Published:	Cham :Springer International Publishing : : 2017.,
Description:	xlvi, 525 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Inflation (Finance) - South Africa. -
Online resource:	http://dx.doi.org/10.1007/978-3-319-46702-3
ISBN:	9783319467023

Inflation Dynamics in South Africa = the Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /
Ndou, Eliphas.

Inflation Dynamics in South Africathe Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /[electronic resource] :by Eliphas Ndou, Nombulelo Gumata. - Cham :Springer International Publishing :2017. - xlvi, 525 p. :ill., digital ;24 cm.

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.

ISBN: 9783319467023

Standard No.: 10.1007/978-3-319-46702-3doiSubjects--Topical Terms:

1225920
Inflation (Finance)
--South Africa.

LC Class. No.: HG1351 / .N36 2017

Dewey Class. No.: 332.410968

Inflation Dynamics in South Africa = the Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /
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520 $a 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.
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