Monetary Policy Credibility and Exchange Rate Pass-Through in South Africa /

This paper investigates the key factors that explain the documented decline in the exchange rate pass-through in South Africa over the past two decades, which coincides with the adoption of the inflation-targeting regime. The paper conjectures, in line with the literature, that this outcome is large...

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Autor principal: Kabundi, Alain
Altres autors: Mlachila, Montfort
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2018.
Col·lecció:IMF Working Papers; Working Paper ; No. 2018/173
Accés en línia:Full text available on IMF