A Bayesian-Estimated Model of Inflation Targeting in South Africa /

This paper estimates a small dynamic macroeconomic model for the South African economy with Bayesian methods. The model is tailored to assessing the impact of domestic as well as external shocks on inflation within an inflation targeting framework, by incorporating forward-looking behavior of privat...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Harjes, Thomas
Awduron Eraill: Ricci, Luca
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2008.
Cyfres:IMF Working Papers; Working Paper ; No. 2008/048
Mynediad Ar-lein:Full text available on IMF
LEADER 01729cas a2200253 a 4500
001 AALejournalIMF009855
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451869101 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Harjes, Thomas. 
245 1 2 |a A Bayesian-Estimated Model of Inflation Targeting in South Africa /  |c Thomas Harjes, Luca Ricci. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper estimates a small dynamic macroeconomic model for the South African economy with Bayesian methods. The model is tailored to assessing the impact of domestic as well as external shocks on inflation within an inflation targeting framework, by incorporating forward-looking behavior of private agents and of the monetary authority. The model is able to display important empirical features of the monetary transmission mechanism that have been found in other studies. It helps to integrate the short-term inflation outlook into a consistent medium-term framework and to design the policy response for various shocks that affect inflation. 
538 |a Mode of access: Internet 
700 1 |a Ricci, Luca. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/048 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/048/001.2008.issue-048-en.xml  |z IMF e-Library