Modelling price determination in South Africa
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Date
Authors
Moolman, Elna
Du Toit, Charlotte Barbara
Journal Title
Journal ISSN
Volume Title
Publisher
Juta
Abstract
South Africa has been faced with high inflation rates since the early 1970s. Despite continued monetary discipline the inflation target has not yet been met, highlighting South Africa's price-vulnerability as a small open emerging economy and raising questions about the efficiency of monetary policy. The objectives of this paper are: (i) to analyse the influence of monetary policy on inflation in the small open emerging economy of South Africa, (ii) to highlight the channels other than monetary policy through which inflation can be influenced (iii) to analyse the influence of international prices and the exchange rate on inflation, (iv) to determine the role of the labour market on inflation, especially through wage-push dynamics and (v) to determine the role of demand-pull factors on inflation.
Description
Keywords
Inflation, South African economy, Monetary policy, Price determination
Sustainable Development Goals
Citation
Moolman, E & Du Toit, C 2004, 'Modelling price determination in South Africa', South African Journal of Economic and Management Sciences, vol. 7, no. 1, pp. 151-170. [http://www.journals.co.za/ej/ejour_ecoman.html]