Using forecasts of the inflation rate in South Africa, we study the rationality of forecasts and
the shape of forecasters’ loss functions. When we study micro-level data of individual
forecasts, we
find mixed evidence ...
This paper examines asymmetries in the impact of monetary policy on the middle segment of
the South African housing market from 1966:M2 to 2011:M12. We use Markov-switching vector
autoregressive (MS-VAR) model in which ...
PURPOSE – The objective of this paper is to explore the sensitivity of industry-specific stock returns to monetary policy and macroeconomic news. The paper looks at a range of industry-specific South African stock market ...
Das, Sonali; Gupta, Rangan; Kanda, Patrick T.; Reid, Monique; Tipoy, Christian Kakese; Zerihun, Mulatu F.(Springer, 2014-01)
The real interest rate is a very important variable in the transmission of monetary policy. It
features in vast majority of financial and macroeconomic models. Though the theoretical importance
of the real interest rate ...
