Inflation, Money Demand, and Purchasing Power Parity in South Africa

Inflation, Money Demand, and Purchasing Power Parity in South Africa
This empirical study for South Africa indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-run relationship among domestic prices, foreign prices, and the nominal exchange rate. In the short run, shocks to the nominal exchange rate affect... READ MORE...

Publication date: September 1999
ISBN 9781451854473
$15.00

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