Proposals For Strengthening The Sarb'S Inflation Targeting Regime
AbstractThis paper proposes a set of criteria for efficient institutions derived form the New Institutional Economics literature and the IMF's "Code of Good Practices on Transparency in Monetary and Financial Policie." These criteria are used to evaluate the institutional framework of South Africa's inflation targeting regime. A test for measuring the comprehensiveness of South Africa's inflation targeting regime is used to verify the results of the institutional evaluation. Finally, a matrix of proposed institutional reforms is constructed to address weaknesses identified by the institutional evaluation. Copyright 2005 Economic Society of South Africa.
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Bibliographic InfoArticle provided by Economic Society of South Africa in its journal South African Journal of Economics.
Volume (Year): 73 (2005)
Issue (Month): 2 (06)
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- Janine Aron, 2008.
"Monetary Policy and Inflation Modeling in a more Open Economy in South Africa,"
Economics Series Working Papers
WPS/2008-28, University of Oxford, Department of Economics.
- Janine Aron & John Muellbauer, 2008. "Monetary Policy and Inflation Modeling in a more Open Economy in South Africa," CSAE Working Paper Series 2008-28, Centre for the Study of African Economies, University of Oxford.
- Aron, Janine & Muellbauer, John, 2008. "Monetary Policy and Inflation Modeling in a More Open Economy in South Africa," CEPR Discussion Papers 6992, C.E.P.R. Discussion Papers.
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