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South Africa: Selected Issues

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2005. "South Africa: Selected Issues," IMF Staff Country Reports 2005/345, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/345
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18582
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    References listed on IDEAS

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    1. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(1), pages 230-231, January.
    2. Padamja Khandelwal, 2004. "Comesa and Sadc: Prospects and Challenges for Regional Trade Integration," IMF Working Papers 2004/227, International Monetary Fund.
    3. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(4), pages 876-878, October.
    4. Yongzheng Yang & Mr. Sanjeev Gupta, 2005. "Regional Trade Arrangements in Africa: Past Performance and the Way Forward," IMF Working Papers 2005/036, International Monetary Fund.
    5. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(3), pages 619-631, July.
    6. Pursell, Garry, 2001. "Australia's experience with local content programs in the auto industry - lessons for India and other developing countries," Policy Research Working Paper Series 2625, The World Bank.
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    Cited by:

    1. Charl Jooste & Marina Marinkov, 2012. "South Africa'S Transition To A Consolidated Budget," South African Journal of Economics, Economic Society of South Africa, vol. 80(2), pages 181-199, June.
    2. Norbert Funke & Friedrich Kißmer & Helmut Wagner, 2006. "International Lessons For The Property Price Boom In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 74(2), pages 205-214, June.
    3. Kargbo, J.M., 2005. "Impacts of monetary and macroeconomic factors on food prices in West Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(2), pages 1-20, June.
    4. Charles Wyplosz, 2007. "Debt Sustainability Assessment: The IMF Approach and Alternatives," IHEID Working Papers 03-2007, Economics Section, The Graduate Institute of International Studies.

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