SOUTH AFRICA Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

September 19, 2005

Electronic Access:

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Summary:

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The conduct of monetary policy has been complicated by a variety of unanticipated events that have had important effects on inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy.

Series:

Country Report No. 05/345

Subject:

English

Publication Date:

September 19, 2005

ISBN/ISSN:

9781451966763/1934-7685

Stock No:

1ZAFEA2005001

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

99

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