Estimating the Implicit Inflation Target of the South African Reserve Bank

Working Paper No. 12/177

Nopic
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in practice, the SARB seems to have aimed for the upper... READ MORE...

Publication date: July 2012
ISBN 9781475505252
$18.00

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Publication date: July 2012

English