Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters /
When faced with a relative price shock, monetary authorities often aim to contain its second round effects on inflation while accepting first round effects. We analyze the experience of South Africa and other inflation targeters to explore whether and when this policy prescription implies changing t...
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| Другие авторы: | |
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2008.
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| Серии: | IMF Working Papers; Working Paper ;
No. 2008/289 |
| Online-ссылка: | Full text available on IMF |