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Are monetary policy regimes optimal

dc.contributor.advisorSaville, Adrian
dc.contributor.emailichelp@gibs.co.za
dc.contributor.postgraduateGosai, Rushai
dc.date.accessioned2018-05-11T09:02:37Z
dc.date.available2018-05-11T09:02:37Z
dc.date.created30-03-18
dc.date.issued2017
dc.descriptionMini Dissertation (MBA)--University of Pretoria, 2017.
dc.description.abstractThe primary aim of monetary policy decisions made by central banks is to keep inflation low and, in doing so, to protect the currency. There have been multiple methods in which developed and developing economies have gone about this endeavour. Literature presented in the research provides evidence that inflation targeting appears to be more optimal than non-inflation targeting regimes. The South African experience shows periods of high inflation in the late 1970Õs and 1980Õs. This leads us to believe that monetary policy was perhaps not implemented as optimally as it could have been. With this in mind, and based on the assumption on that central banks act optimally (Mishkin, 2017), the research applies the Taylor Rule and regression testing to determine whether the decisions made by the South African Reserve Bank were optimal. The research finds that over the period of 1960 to 2016, during which South Africa went through four different monetary policy regimes as well as a change of government and reintegration to the international community, monetary policy was implemented optimally.
dc.description.availabilityUnrestricted
dc.description.degreeMBA
dc.description.departmentGordon Institute of Business Science (GIBS)
dc.description.librarianza2018
dc.identifier.citationGosai, R 2017, Are monetary policy regimes optimal, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/64847>
dc.identifier.urihttp://hdl.handle.net/2263/64847
dc.language.isoen
dc.publisherUniversity of Pretoria
dc.rights© 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
dc.subjectUCTD
dc.titleAre monetary policy regimes optimal
dc.typeMini Dissertation

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