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South Africa: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper for South Africa presents a quantitative analysis of inflation dynamics in the country. The conduct of monetary policy has been complicated by a variety of unanticipated events that have had important effects on inflation. Exposed to exchange rate and other shocks, the model confirms that a delayed policy response to inflation shocks leads to persistently higher inflation rates and, subsequently, to a sharp real contraction of the economy.

Suggested Citation

  • International Monetary Fund, 2005. "South Africa: Selected Issues," IMF Staff Country Reports 2005/345, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/345
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=18582
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    References listed on IDEAS

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    1. Yongzheng Yang & Mr. Sanjeev Gupta, 2005. "Regional Trade Arrangements in Africa: Past Performance and the Way Forward," IMF Working Papers 2005/036, International Monetary Fund.
    2. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(3), pages 619-631, July.
    3. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(1), pages 230-231, January.
    4. Padamja Khandelwal, 2004. "Comesa and Sadc: Prospects and Challenges for Regional Trade Integration," IMF Working Papers 2004/227, International Monetary Fund.
    5. Pursell, Garry, 2001. "Australia's experience with local content programs in the auto industry - lessons for India and other developing countries," Policy Research Working Paper Series 2625, The World Bank.
    6. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(4), pages 876-878, October.
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    Cited by:

    1. Charl Jooste & Marina Marinkov, 2012. "South Africa'S Transition To A Consolidated Budget," South African Journal of Economics, Economic Society of South Africa, vol. 80(2), pages 181-199, June.
    2. Norbert Funke & Friedrich Kißmer & Helmut Wagner, 2006. "International Lessons For The Property Price Boom In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 74(2), pages 205-214, June.
    3. Kargbo, J.M., 2005. "Impacts of monetary and macroeconomic factors on food prices in West Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(2), pages 1-20, June.
    4. Charles Wyplosz, 2007. "Debt Sustainability Assessment: The IMF Approach and Alternatives," IHEID Working Papers 03-2007, Economics Section, The Graduate Institute of International Studies.

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