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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Dettagli Bibliografici
Autore principale: Kabundi, Alain
Altri autori: Mlachila, Montfort
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2018.
Serie:IMF Working Papers; Working Paper ; No. 2018/173
Accesso online:Full text available on IMF