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Why does the Reserve Bank Set the Interest Rate?

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  • J. WHITTAKER
  • A. J. THEUNISSEN

Abstract

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Suggested Citation

  • J. Whittaker & A. J. Theunissen, 1987. "Why does the Reserve Bank Set the Interest Rate?," South African Journal of Economics, Economic Society of South Africa, vol. 55(1), pages 9-20, March.
    • Handle: RePEc:bla:sajeco:v:55:y:1987:i:1:p:9-20
    DOI: 10.1111/j.1813-6982.1987.tb00151.x
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    References listed on IDEAS

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    1. C. Rogers, 1986. "The De Kock Report: A Critical Assessment of the Theoretical Issues1," South African Journal of Economics, Economic Society of South Africa, vol. 54(1), pages 39-47, March.
    2. R. Alton Gilbert, 1985. "Operating procedures for conducting monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 67(Feb).
    3. D. J. J. Botha, 1986. "Interest Rates as an Instrument of Monetary Policy in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 54(1), pages 25-32, March.
    4. Basil J. Moore, 1983. "Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 5(4), pages 537-556, July.
    5. D. W. Goedhuys, 1982. "Monetary Policy and the Flow of Spending1," South African Journal of Economics, Economic Society of South Africa, vol. 50(3), pages 131-138, September.
    6. D. W. Goedhuys, 1984. "The Business Cycle and Public Policy," South African Journal of Economics, Economic Society of South Africa, vol. 52(2), pages 89-96, June.
    7. R. M. Gidlow*, 1985. "The Modified Role of Discount Houses and Accommodation Policies of the Reserve Bank," South African Journal of Economics, Economic Society of South Africa, vol. 53(1), pages 46-54, March.
    8. J. Thornton, 1986. "Bank Rediscounting at the Central Bank: A Survey of Alternative Theories and Some Evidence," South African Journal of Economics, Economic Society of South Africa, vol. 54(2), pages 120-128, June.
    9. Fama, Eugene F., 1980. "Banking in the theory of finance," Journal of Monetary Economics, Elsevier, vol. 6(1), pages 39-57, January.
    10. C. Rogers*, 1985. "The Monetary Control System of the South African Reserve Bank: Monetarist or Post Keynesian," South African Journal of Economics, Economic Society of South Africa, vol. 53(3), pages 157-161, September.
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    Citations

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    Cited by:

    1. MKC Jackson, 2002. "Reserve Bank Independence : A Post Keynesian Perspective," South African Journal of Economics, Economic Society of South Africa, vol. 70(1), pages 29-52, March.
    2. Hugo Nel*, 1996. "The Term Structure of Interest Rates and Economic Activity in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 64(3), pages 151-157, September.
    3. McCallum, Bennett T., 1999. "Issues in the design of monetary policy rules," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 23, pages 1483-1530, Elsevier.

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