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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Proposals for strengthening the SARB's inflation targeting regime
Author:Du Plessis, Stan A.
Year:2005
Periodical:South African Journal of Economics
Volume:73
Issue:2
Pages:337-354
Language:English
Geographic term:South Africa
Subjects:inflation
monetary policy
External link:https://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2005.00021.x/pdf
Abstract:This paper proposes a set of criteria for efficient institutions derived from the New Institutional Economics literature and the IMF's Code of Good Practices on Transparency in Monetary and Financial Policies. These criteria are used to evaluate the institutional framework of the South African Reserve Bank's inflation targeting regime. A test for measuring the comprehensiveness of South Africa's inflation targeting regime is used to verify the results of the institutional evaluation. Finally, a matrix of proposed institutional reforms is constructed to address weaknesses identified by the institutional evaluation. Bibliogr., note, ref., sum. [Journal abstract]
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