Inflation Dynamics in South Africa The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs /

• Κύριοι συγγραφείς: Ndou, Eliphas (Συγγραφέας), Gumata, Nombulelo (Συγγραφέας)
• Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
• Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.
• Θέματα: Finance, Public.; Macroeconomics.; Public finance.; Economic growth.; Regional economics.; Spatial economics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Economic Growth.; Public Economics.; Regional/Spatial Science.; Public Finance.

This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size of e...

Πίνακας περιεχομένων:

• Chapter 1. Introduction
• Chapter 2. The Ball approach to disinflation episodes, output costs and sacrifice ratios in South Africa
• Chapter 3. The output and inflation trade-off in South Africa
• Chapter 4. Persistent exchange rate volatility on the Taylor curve. Chapter 5. Inflation and non-linear shock inflation effects on inflation volatility
• Chapter 6. Exchange rate volatility shock effects on inflation volatility
• Chapter 7. Does the volatility of the R/US$ exchange rate threshold exert non-linear effects on inflation?.-Chapter 8. Persistent and non-persistent exchange rate depreciation effects on inflation. Chapter 9. Relative services price dispersion, trend inflation and inflation volatility
•  Chapter 10. Negative terms-of-trade shock, the real effective exchange rate and repo rate adjustments
• Chapter 11. Do fiscal policy variables drive inflation in the same direction? Chapter 12. What would inflation and repo rate be in the absence of increased government expenditure?
• Chapter 13. Labour productivity, unit labour costs impact on inflation: what are the implications for monetary policy?
• Chapter 14. Labour market conditions, policy rate and positive inflation shocks
• Chapter 15. Does world import growth amplify domestic inflation responses to inflationary shocks?
• Chapter 16. Where does the exchange rate pass-through to import price inflation threshold lie?
• Chapter 17. GDP growth threshold and asymmetric exchange rate pass-through to import prices
• Chapter 18. Inflation rate and R/US$ depreciation shocks on import price inflation: Inferences from deviations from the 6 per cent inflation rate
• Chapter 19. The inflation-finance-growth nexus: where does the inflation threshold lie?
• Chapter 20. The output-gap, exchange rate depreciation shock and inflation: Non-linear effects and implications for monetary policy
• Chapter 21. Do economic growth regimes impact the pass-through of exchange rate shocks to inflation?
• Chapter 22. GDP growth threshold and non-linear effects of repo rate shocks
• Chapter 23. Asymmetric effects of the repo rate and inflation rate shocks on economic growth
• Chapter 24. Do deteriorating business cycles indicators and tight credit conditions affect the repo rate adjustment to positive inflation shock?
• Chapter 25. Rand US dollar exchange rate pass-through and the inflation environment
• Chapter 26. Sovereign spreads and non-linear responses of inflation to the R/US$ exchange rate depreciation shocks
• Chapter 27. Do credit regimes play a role in the pass-through of the exchange rate depreciation shocks to inflation?
• Chapter 28. The propagating effects of inflation risk factors and the implications for the inflation outlook
• Chapter 29. Upside risk factors to the inflation outlook and long-term inflation expectations
• Chapter 30. Inflation expectations, adverse aggregate supply shock and long-term inflation expectations
• Chapter 31. Wage increases in excess of six per cent, inflationary dynamics and expectations.-.