The Relative Merits and Implications of Inflation Targeting for South Africa:
This paper describes the main elements of inflation targeting, reviews its pros and cons, and examines the experiences thus far in countries using this framework. It discusses the implications and relative merits of such a framework for South Africa, and concludes that it would be feasible and desir...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1999
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 99/116 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper describes the main elements of inflation targeting, reviews its pros and cons, and examines the experiences thus far in countries using this framework. It discusses the implications and relative merits of such a framework for South Africa, and concludes that it would be feasible and desirable for South Africa to adopt explicit inflation targeting. Doing so could reduce uncertainties about the Reserve Bank's objectives and enhance the transparency of monetary policy. However, further experience with the operational aspects of the repurchase system and a refinement of the inflation forecasting framework may be needed before inflation targeting is implemented |
| Beschreibung: | 1 Online-Ressource (24 p) |
| ISBN: | 1451853912 9781451853919 |
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| spelling | Jonsson, Gunnar Verfasser aut The Relative Merits and Implications of Inflation Targeting for South Africa Jonsson, Gunnar Washington, D.C International Monetary Fund 1999 1 Online-Ressource (24 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 99/116 This paper describes the main elements of inflation targeting, reviews its pros and cons, and examines the experiences thus far in countries using this framework. It discusses the implications and relative merits of such a framework for South Africa, and concludes that it would be feasible and desirable for South Africa to adopt explicit inflation targeting. Doing so could reduce uncertainties about the Reserve Bank's objectives and enhance the transparency of monetary policy. However, further experience with the operational aspects of the repurchase system and a refinement of the inflation forecasting framework may be needed before inflation targeting is implemented Online-Ausg http://elibrary.imf.org/view/IMF001/07248-9781451853919/07248-9781451853919/07248-9781451853919.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Jonsson, Gunnar The Relative Merits and Implications of Inflation Targeting for South Africa |
| title | The Relative Merits and Implications of Inflation Targeting for South Africa |
| title_auth | The Relative Merits and Implications of Inflation Targeting for South Africa |
| title_exact_search | The Relative Merits and Implications of Inflation Targeting for South Africa |
| title_exact_search_txtP | The Relative Merits and Implications of Inflation Targeting for South Africa |
| title_full | The Relative Merits and Implications of Inflation Targeting for South Africa Jonsson, Gunnar |
| title_fullStr | The Relative Merits and Implications of Inflation Targeting for South Africa Jonsson, Gunnar |
| title_full_unstemmed | The Relative Merits and Implications of Inflation Targeting for South Africa Jonsson, Gunnar |
| title_short | The Relative Merits and Implications of Inflation Targeting for South Africa |
| title_sort | the relative merits and implications of inflation targeting for south africa |
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